Global law firm Clifford Chance has advised TRATON GROUP on its inaugural Green Bond issuance under the Group’s Green Finance Framework. The issuance, with a volume of €500 million, carries an annual coupon of 3.875% and matures in 2031. The bonds have been admitted to trading on the regulated market of the Luxembourg Stock Exchange and are listed on the Luxembourg Green Exchange (LGX).
The issuance underscores TRATON GROUP’s commitment to sustainable financing and to the transformation of the transport sector towards low-emission and zero-emission drive solutions. In line with the Green Finance Framework, the net proceeds will be used to finance or refinance new or existing Eligible Green Projects and Assets. These include, in particular, investments in projects, assets, research and development activities, financing and leasing structures as well as operating expenditures that are exclusively attributable to battery-electric vehicles and that enhance their value or useful life.
The banking syndicate for the issuance comprised Crédit Agricole Corporate and Investment Bank, Mizuho Bank Europe N.V. and Skandinaviska Enskilda Banken AB (publ).
The Clifford Chance team was led by partner Cristina Freudenberger and included transaction lawyers Lilli Neubauer and Felicitas Fischer (all Capital Markets, Frankfurt) as well as partner Marc Mehlen, senior associate Marie-Elise Gueble and trainee lawyer Victor Hilbertz (all Structured Finance, Luxembourg).
