October 24, 2018
Royal Schiphol Group N.V. (Schiphol) launched and priced EUR 500 million of green bonds to invest in the sustainability of its airports. Schiphol will invest in clean transportation and green buildings. The senior unsecured bonds are due 5 November 2030 and carry an annual coupon of 1.5%. Schiphol is the first European airport to issue a green bond.
The issuance of the green bond reflects Schiphol’s ambition to be the most sustainable airport. It contributes to achieving the “smart and Sustainable” plan, which was recently presented by the Dutch aviation industry. Part of that plan is that all terminals, offices and the ground operation of all airports connected to the Royal Schiphol Group will become climate neutral.
Order book of EUR 3 billion
The bonds were placed with a broad range of institutional investors, including strong demand from investors managing ESG investment mandates. The final order book amounted to around EUR 3 billion. The bonds will be listed on Euronext Amsterdam. BNP Paribas, ING and NatWest Markets acted as joint bookrunners on the transaction.