The issuance by Tikehau Capital, the global alternative asset management group, is the first ever public sustainable benchmark bond issued by an alternative asset manager in Euro and the coupon is the lowest obtained by Tikehau Capital since its inaugural bond issuance in 2017.
The bonds have been placed with a diversified base of more than one hundred investors, with 75% of the investor base being international.
The net proceeds of the bonds will be used to finance and/or re-finance, in whole or in part, new and/or existing eligible sustainable investments as set out in Tikehau Capital’s newly-published sustainable bond framework. The eligible sustainable investments cover both sustainable assets (green and social activities) and ESG funds aligned with the Tikehau Capital group’s sustainable development goals’.
The bonds are rated BBB- by Fitch Ratings Ireland Limited and are admitted to trading on the regulated market of Euronext Paris.
Clifford Chance advised Tikehau Capital on this transaction with a team including Cédric Burford, partner, Auriane Bijon, counsel, Alexander Tollast, Senior Associate, and Jessica Hadid, Associate.
