Walder Wyss advises Clariant on CHF 175m Green Bond placement
Clariant, a focused, sustainable and innovative specialty chemicals company, has successfully priced its first green bond on 24 August 2022.
The CHF 175 million Green Bond has a coupon of 2.717 % and a 5 years term or maturity in 2027. UBS Investment Bank and Skandinaviska Enskilda Banken (SEB) acted as joint lead managers. The Green Bond will be listed on the SIX Swiss Exchange and settlement is expected on 26 September 2022.
The net proceeds of the Green Bond will be allocated to the financing and/or refinancing of investments in Eligible Assets as established by Clariant within its Green Financing Framework. Eligible Assets promote the transition towards a low-carbon and environmentally sustainable society, as determined by Clariant. Proceeds will be allocated to capital expenditures, acquisitions, joint ventures and research and development within the Eligible Asset Categories of the Green Financing Framework (circular economy adopted products, production technologies and processes and/or certified eco-efficient products, renewable energy and energy efficiency, pollution prevention and control).
This transaction underscores Clariant’s leadership in sustainability and represents progress in implementing the 2030 Roadmap to meet its science-based climate goals.
Walder Wyss has acted as counsel to Clariant. The team was led by David Borer (partner, capital markets, pictured) and included Ramona Wyss (partner, capital markets), Maurus Winzap (partner, tax), Christian A. Schmid (associate, capital markets) and Maximilian Hochreiter (trainee, capital markets).
