Baloise Group has successfully placed a CHF senior green bond for a size of CHF 200m in alignment with its newly established Green Bond Framework.
The bond matures in 8.75 years and was issued with a coupon of 0.125%.
The proceeds from the green bond sale will be used to finance green buildings in line with the newly established Green Bond Framework by Baloise.
"At Baloise we take our commitments to climate protection serious,” Baloise Group CFO Carsten Stolz said.
“We use various levers to meet this obligation. We avoid, reduce or offset our own CO2 emissions. In addition, we promote climate-friendly innovations through the Swiss Climate Foundation. The area of sustainable real estate management plays an important role for Baloise as one of the largest real estate owners in Switzerland."
The bond will be listed on the SIX Swiss Exchange and will settle on 27 September 2021.