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a.s.r. signals intention to issue inaugural green senior bond

Written by Adam Cadle
04/12/2023

a.s.r. has the intention, subject to market conditions, to issue a Euro-denominated green senior bond, following investors calls commencing today.

The senior notes will have a fixed-rate coupon, and the offering is the insurer’s inaugural green bond issue under its Green Finance Framework.

“The proceeds of the green bonds will support the transition to a more sustainable lower carbon economy,” the insurer added. “An amount equivalent to the proceeds will be used to finance or refinance projects related to green buildings, renewable energy, energy efficiency and/or clean transportation.”

The senior notes are expected to be rated BBB+ by S&P.

The final offering circular, when published, will be available on www.asrnl.com/investor-relations/debt-securities.


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