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BayWa successfully places first ESG-linked bonded loan

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DGAP-News: BayWa AG / Key word(s): Financing
21.12.2021 / 11:00
The issuer is solely responsible for the content of this announcement.

BayWa successfully places first ESG-linked bonded loan

BayWa AG, Munich, has placed a bonded loan linked to environmental, social and corporate governance criteria (ESG) in the amount of €350 million. As in the case of the ESG-linked syndicated financing agreement concluded in September, the bonded loan is based on the MSCI sustainability rating. MSCI ESG Research has awarded the BayWa Group an "AA" rating.

The bonded loan has an average coupon of 1.15%, with an average term of 6.3 years and tranches of between five and ten years. Most of the transaction, which was oversubscribed multiple times, was placed with banks from the cooperative and savings sector, but there were also subscriptions from private banks from Germany and abroad as well as from institutional investors.

"The proceeds from the bonded loan will mainly be used to refinance bonded loans due in 2021 and 2022. We are delighted to secure such a broadly diversified investor portfolio at extremely attractive terms with this bonded loan, so soon after concluding our syndicated financing agreement," explains BayWa AG's Chief Financial Officer Andreas Helber. "The fact that the loan was received so well in the current market environment points to BayWa's outstanding solidity and the faith investors have in the Group's sustainability expertise."

According to Uwe Falk, Head of Corporate Treasury at BayWa AG, the conclusion of the ESG-linked bonded loan means that more than 50% of BayWa's borrowing portfolio is now covered by sustainable and green financing products. The bonded loan was arranged by Commerzbank, DZ-BANK and LBBW.




Contact:
Jenny Levié, BayWa AG, Head of PR/Corporate Communications/Public Affairs,
tel. +49 (0)89/92 22-36 80, Fax +49 (0)89/92 12-36 80,
e-mail: jenny.levie@baywa.de


21.12.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language:

English

Company:

BayWa AG

Arabellastraße 4

81925 Munich

Germany

Phone:

+49 (0)89/ 9222-3691

Fax:

+49 (0)89/ 9212-3680

E-mail:

jenny.levie@baywa.de

Internet:

www.baywa.de

ISIN:

DE0005194062, DE0005194005,

WKN:

519406, 519400,

Indices:

SDAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Munich; Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Stuttgart, Tradegate Exchange

EQS News ID:

1260378


 

End of News

DGAP News Service

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