Treasury Management International: Energy firm offers first ever entirely digitally-issued corporate bond

Treasury Management International: Energy firm offers first ever entirely digitally-issued corporate bond

Digitalisation comes to the corporate bond market as Swiss energy firm Axpo makes the first ever fully electronic issuance. The magazine treasury management international has written an article about the recently closed bond.

Switzerland-based energy group, Axpo Holding AG has become the first ever issuer of an entirely digital issuance of a corporate bond. Using the independent debt capital market platform, Loanboox, the issuance, it says, marks the first step towards digitalisation and new standards in transparency, pricing and allocation in the primary capital markets. 

Axpo’s seven-year green bond was over-subscribed, raising CHF133m (c.€123.4m). Some 35 orders were allocated to a range of institutional investors via the Loanboox platform in the 90-minute book-building window. The bond, which has a coupon of 1.002%, is listed on the SIX Swiss Exchange. Axpo will use the capital to finance projects in the photovoltaic and wind energy sectors.

Why digital?

[…] In the non-digital world, the lead bank calls potential investors for orders, but pricing is akin to a “black box” for them, and they may only get one chance to change their order, Bühler notes.

“Live book-building allows both parties to see the price developing; it’s much more like an open marketplace.”

With Axpo opting for green bond issuance, the transparency afforded by the platform correlates well with the compliance needs of ESG-driven investors, says Bühler. With both sides able to see all details of the issue in advance of the book-building day, oversight of the whole transaction is now possible.

 

Save the date: Swiss Fintech Fair *Digital only*

Save the date: Swiss Fintech Fair *Digital only*

September 7 – 8, 2020

Soon, the biggest virtual fintech exhibition in Europe takes place. It’s called Swiss Fintech Fair! The event tip for porfoliomanagers, treasurers, bond dealers, investors and other Fintechs.

What’s in for you when you take part in this event? Learn more about the following topics:

– Does the crisis accelerate Open Banking? – Seizing opportunities while mitigating risks

– Future of Banking: Three main drivers

– Growing stronger in crisis

More details are listed in the agenda – get inspired by expert talks and webinars.

 

Loanboox will also be part of it

Our Co-Founder & Managing Director Switzerland Andi Burri will share his personal insights on how we succeeded with the worlds first, listed corporate digital bond issuance in a live webinar at 13:45.

Whether you are the CIO of a big bank, a software developer of a Fintech startup or an angel investor, I guess what we all have in common is the drive to change the world to a better place.

Discover how you, too, can be part of our ecosystem shaping tomorrow’s debt capital markets.

Eager to join? We only have a few free tickets left – get them now! Just send an email to info@loanboox.ch

First come, first serve!

InTech Swiss: Easily develop your own Fintech? A quick start guide from Loanboox

How to scale a (digital) business? Loanboox’s Chief Operating Officer Dominique Huegli gives an insight into our strategy for success. A quick start guide.

The most important tool is the strategy or a set of strategies.

For the development of our innovative digital marketplace for debt financing, we have established a system of strategies at Loanboox. We use different strategies depending on the scope and consequences of the decision. Each strategy pursues a specific purpose and serves a different time horizon. Certain levels serve the longer-term perspective, others influence daily business.

Which strategies these are and how they are effectively implemented in companies can be found in this article on InTech Swiss.

Loanboox in the press

Loanboox in the press

With a new CEO and strengthened management, Loanboox takes a step into the next growth phase. Here is an excerpt of current press reports. 

Bloomberg: BayernLB-Beteiligung in Schweiz bekommen neuen CEO von Unicorn

Der Neue Kämmerer: Finanzplattform Loanboox stellt sich personell neu auf

Handelszeitung: Kredit-Plattform Loanboox ernennt einen neuen Chef, Gründer geht in den VR

Börsenzeitung: Philippe Cayrol führt Loanboox

Finanzbusiness: Loanboox ernennt neuen CEO und CRO

Finews: Loanboox: Neuer Chef kommt von französischem Einhorn

Finews: Loanboox Hires CEO From French Unicorn

gj Geldinstitute: Loanboox verstärkt Geschäftsleitung

L’Agefi: Un ancien dirigeant de Blablacar nommé CEO de la fintech Loanboox

Institutional Money: Loanboox strukturiert Geschäftsleitung um

Kreditwesen: Loanboox: Umbau der Geschäftsführung

Agefi: Nomination Philippe Cayrol

Cash: Mühlemann gibt CEO-Rolle bei Loanboox ab

Finextra: Loanbox appoints new CEO and CRO

Finanz-szene.de: DKB, Hamburger Volksbank, Volkswagen Bank, Mastercard

Fintech Switzerland: Swiss Fintech Loanboox Appoints new CEO and CRO

MoneytodayDas FinTech Loanboox bekommt einen neuen CEO

Payment & Banking:  DAILY: Hickhack um Wirecard & weitere News

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Press release: 40bn milestone and strengthened executive team

Press release: 40bn milestone and strengthened executive team

  • BlaBlaCar manager Philippe Cayrol new CEO
  • Founder Stefan Muehlemann focuses on his position as Executive Chairman

Zurich, June 17th, 2020. The debt capital market platform Loanboox is broadening its executive team: Philippe Cayrol joins the Fintech as its new CEO. The experienced start-up manager takes over from founder Stefan Muehlemann who will focus on his role as Executive Chairman. 

Philippe Cayrol, new CEO

unicorn BlaBlaCar. As Head of Corporate & Business Development, Cayrol developed the start-up into the world’s largest carpooling marketplace. Previously, Cayrol co-founded an investment fund in London that focused on growth capital for early stage companies.
The digitalisation of the large debt markets is only getting started, so I am very excited to join an exceptional team who is passionate about bringing more efficiency, accessibility and transparency to the debt capital markets. I am impressed by the innovative features and the traction of the platform and look forward to contributing to the future success of all our users,
says Cayrol.

Strengthened executive team to support new growth phase

With over CHF 40 billion of financing requests handled through the platform since the start and 2’500 organisations in six countries, I am incredibly proud of what we have achieved. As we now scale up our activities to the next level, including new products and target groups, it felt natural to strengthen the team. Whilst I was the right CEO for Loanboox’ inception and first years, it is now time to hand over operational responsibility to experts with relevant experiences. With Philippe, we have found a talented executive with the right mix of entrepreneurial spirit and execution capabilities,

says Muehlemann.

In addition to Cayrol, the two previous members Dario Zogg (Co-Founder & CTO) and Dominique Huegli (COO) complete Loanboox’ executive board. Co-Founder Andi Burri will continue his responsibilities as Country Head Switzerland and member of the Board of Directors, and will additionally focus on key customer relationships. Stefan Muehlemann, who founded Loanboox in 2015 and was CEO since then, will concentrate on his position as Executive Chairman.

About Loanboox:

Loanboox is the leading European debt capital market platform for large corporations, public-sector entities, institutional investors and banks. To date, Loanboox has processed financing requests of over CHF 40 bn and is active in six countries.

Here you can download the press release and a picture of Philippe Cayrol and Stefan Muehlemann.