Zurich, 15.07.2020. Axpo Holding AG is the first issuer to place a listed green bond entirely digitally via the independent debt capital market platform Loanboox.
The green bond for CHF 133 million and a term of 7 years was well received by investors in the capital market, and 35 orders got allocated. The energy group will use the capital to finance projects in the photovoltaic and wind energy sectors. The great interest shown by investors underlines the demand for sustainable investments and confirms Axpo’s strategy of profitable growth in renewable energies.
The exchange-listed green bond was issued entirely digitally via the debt capital market platform Loanboox. In the dynamic and transparent Loanboox Live Bookbuilding® tool, investors set the price themselves. All process steps, deadlines and fees were known in advance to investors and issuer and were transparently visible at all times. Both sides were able to follow the order book in real time. The energy company placed the bonds with asset managers, banks, funds, pension funds and insurance companies. Martin Denkinger, Head Financing & Cash Management at Axpo, is very satisfied with the premiere:
The transaction via Loanboox worked smoothly and significantly increased transparency with regard to investors.
Important step towards digitalisation of the capital market
After successfully establishing itself as the leading platform in the field of municipal financing, Loanboox is now also digitalizing the bond market. Philippe Cayrol, CEO of Loanboox:
This first bond is a proof point that our digital process creates value for all market participants. We’re proud of the first deal and look forward to working with innovative clients and partners to set new standards in transparency, pricing and allocation in the primary market in Switzerland and in the EU.
Competent partners supported Loanboox
The Green Bond of Axpo Holding AG has a coupon of 1.002 percent. The bond will be listed on the SIX Swiss Exchange. Société Générale Paris, Zurich Branch as paying agent and listing partner, Deutsche Bank (London) as market maker, First Advisory Bond Services AG as holders representative and PwC Switzerland as due diligence agent acted as partners. Loanboox was also supported by Bär & Karrer AG as legal advisor in the transaction.
Martina Buehler, Head Marketing & Communication
Stefan Feller, Director Capital Markets
Talacker 50, 8001 Zurich, Switzerland
+41 55 220 78 29