Philips prices EU green bond for EUR 650M
Royal Philips priced EUR 650 million in fixed-rate notes due 2034, representing the healthcare industry's first EU Green Bond under the new European Green Bond Standard. The 7.8-year tranche carries a 4.0% coupon and a yield of 4.055%, with demand exceeding supply by 2.7 times.
Key figures
- Yield
- 4.055%
- Coupon
- 4.0%
- Issue price
- 99.655%
- Maturity year
- 2034
- Duration years
- 7.8
- Gross proceeds
- EUR 650 million
- Oversubscription multiple
- 2.7
AI analysis
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