For a total amount of €300 million, this Green Bond has a maturity of 6 years and an annual coupon of 0.125 percent.
The offering was more than 10 times oversubscribed.
By offering innovative solutions to its customers, notably in the field of lightweight materials, new energies and bio-based products, Arkema aims to generate responsible growth contributing to the Sustainable Development Goals defined by the United Nations.
With this unprecedented Green Bond, fully aligned with Arkema’s CSR policy, the Group is financing its new world-scale plant in Singapore, a major innovative and sustainable project at the heart of its organic growth strategy.
This plant, scheduled to come on stream in 2022, is designed with state-of-the-art technology to maximize its efficiency and minimize its environmental impact, and will be dedicated to producing 100% bio-based amino 11 monomer and Rilsan polyamide 11 from castor oil, a renewable and sustainable feedstock.
“Thanks to this Green Bond, Arkema gives investors the opportunity to contribute to the development of sustainable solutions in specialty materials, and confirms its leadership in terms of sustainability and innovation” said Virginie Delcroix, VP Sustainable Development.
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