Vossloh's €60M ESG Schuldschein Loans

Published on:
by KnowESG
KnowESG_Vossloh's ESG-linked Schuldschein loan
Image courtesy of Freepik

Vossloh AG has issued Schuldschein loans with a volume of €60 million. One half of the loan amount has been contracted with a term of five years, the other with a term of seven years.

Both tranches carry variable interest rates. The special feature: The amount of the interest coupon is linked to the conformity rate of sales under the EU Taxonomy Regulation as part of a bonus-malus scheme.

Under the EU taxonomy, Vossloh already shows excellent figures. 100 per cent of Vossloh's sales are rated taxonomy-eligible and 64 percent taxonomy-aligned in the fiscal year 2022. Vossloh thus ranks among Germany's best companies in both categories.

"With this transaction, we were able to secure attractive interest terms and at the same time further improve our debt maturity profile. The placement not only strengthens our financial flexibility to finance our further growth but also demonstrates the confidence of the investors in the future of our company," says Dr. Thomas Triska, CFO of Vossloh AG, and continues: "The ESG link underscores our commitment to environmental protection and responsible corporate governance. These are the decisive factors for the long-term success of our company."

‘Bayerische Landesbank’ and ‘Landesbank Baden-Württemberg’ acted as joint lead arrangers for the transaction, with the former also acting as ESG advisor for the transaction.

For more sustainable finance news

Source: Vossloh


Sustainable Finance Headlines

Rwanda Bank Launches Green Bond for Inclusive Growth

Rwanda Bank Launches Green Bond for Inclusive Growth

StorHub Leads Sustainability in Self Storage

StorHub Leads Sustainability in Self Storage

Hallett Decarbonises Cement with CBA's Backing

CBA and Tesla Australia Partner on EV Financing

CREDEM Issues €500M Social Senior Bond

Citizens Financial Targets $50B Sustainable Finance

Indigo Ag Powers Green Agriculture with $250M Boost

EIB, DB Offer Loans to Mid-Caps for Green Projects

SUNY's Green Bond Supports Climate, Social Change

AfDB Launches USD Sustainable Hybrid Capital