Arkema Has Successfully Placed Its Inaugural Green Bond
07 Outubro 2020 - 2:00PM
Business Wire
Regulatory News:
Today, Arkema (Paris:AKE) successfully placed its first ever
Green Bond, fully dedicated to the financing of its new world-scale
plant in Singapore to manufacture 100% bio-based Rilsan® polyamide
11. For a total amount of €300 million, this Green Bond has a
maturity of 6 years and an annual coupon of 0.125%. The offering
was more than 10 times oversubscribed.
By offering innovative solutions to its customers, notably in
the field of lightweight materials, new energies and bio-based
products, Arkema aims to generate responsible growth contributing
to the Sustainable Development Goals defined by the United
Nations.
With this unprecedented Green Bond, fully aligned with Arkema’s
CSR policy, the Group is financing its new world-scale plant in
Singapore, a major innovative and sustainable project at the heart
of its organic growth strategy. This plant, scheduled to come on
stream in 2022, is designed with state-of-the-art technology in
order to maximize its efficiency and minimize its environmental
impact, and will be dedicated to producing 100% bio-based amino 11
monomer and Rilsan® polyamide 11 from castor oil, a renewable and
sustainable feedstock.
Rilsan® polyamide 11 is recognized worldwide for its superior
properties and performance in very demanding applications,
significantly contributing to the development of sustainable
solutions in fast growing sectors, such as mobility and in
particular new energy vehicles, 3D printing as well as consumer
goods.
“Thanks to this Green Bond, Arkema gives investors the
opportunity to contribute to the development of sustainable
solutions in specialty materials, and confirms its leadership in
terms of sustainability and innovation” said Virginie Delcroix, VP
Sustainable Development.
Arkema’s Green Bond framework is aligned with the ICMA’s Green
Bond Principles as set out in a Second Party Opinion provided by
Vigeo Eiris, a leading independent ESG ratings agency.
The documentation related to this bond issuance is available on
the Arkema website.
Building on its unique set of expertise in materials science,
Arkema offers a portfolio of first-class technologies to
address ever-growing demand for new and sustainable materials. With
the ambition to become in 2024 a pure player in Specialty
Materials, the Group is structured into 3 complementary, resilient
and highly innovative segments dedicated to Specialty Materials
-Adhesive solutions, Advanced Materials, and Coating Solutions-
accounting for some 80% of Group sales, and a well-positioned and
competitive Intermediates segment. Arkema offers cutting-edge
technological solutions to meet the challenges of, among other
things, new energies, access to water, recycling, urbanization and
mobility, and fosters a permanent dialogue with all its
stakeholders. The Group reported sales of €8.7 billion in 2019, and
operates in some 55 countries with 20,500 employees worldwide.
www.arkema.com
Arkema 420, rue d’Estienne d’Orves –
F-92705 Colombes Cedex – France Tel.: +33 1 49 00 80 80 – Fax: +33
1 49 00 83 96 A French société anonyme (limited company) with share
capital of €767,364,760 – Registered in Nanterre: RCS 445 074 685
arkema.com
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INVESTOR RELATIONS CONTACTS Béatrice Zilm +33 1 49 00 75
58 beatrice.zilm@arkema.com Arié Taïeb +33 1 49 00 72 07
arie.taieb@arkema.com Peter Farren +33 1 49 00 73 12
peter.farren@arkema.com Caroline Chung +33 1 49 00 74 37
caroline.chung@arkema.com MEDIA CONTACTS Gilles Galinier +33
1 49 00 70 07 gilles.galinier@arkema.com Véronique Obrecht +33 1 49
00 88 41 veronique.obrecht@arkema.com
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