Axpo Holding AG places first listed Green Bond via Loanboox

Axpo Holding AG places first listed Green Bond via Loanboox

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.

First fully digital corporate bond

The 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..

Contact person:
Loanboox
Martina Buehler, Head Marketing & Communication
Stefan Feller, Director Capital Markets
Talacker 50, 8001 Zurich, Switzerland
+41 55 220 78 29
press@loanboox.com

Loanboox in the media

Loanboox in the media

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 EUR 40 bn and is active in six countries.

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

Series B: Loanboox collects 20 million euros

Series B: Loanboox collects 20 million euros

Series B: Loanboox collects 20 million euros

Press release

The Fintech company Loanboox, the leading money and capital market platform, collects 20 million euros (CHF 22 million) in the Series B financing round. Investors include the Deutsche Kreditbank AG, the LGT Group and other well-known investors from Europe and overseas. The company’s valuation rises to 110 million euros (CHF 122 million).

Loanboox was launched in Switzerland at the end of 2016. The winner of last year’s Swiss Fintech Award now employs 40 people in Switzerland, Germany, France and Austria. Loanboox offers an online platform for big ticket loans, which makes financing and investing simpler, more transparent, more secure and reduces costs. Its clients are public-sector authorities, banks, large corporations and institutional investors. In Switzerland, private placements and bonds can also be issued through Loanboox. Since Go-Live at the end of 2016, a financing volume of 17.5 billion euros (CHF 20 billion) has been requested through Loanboox and over 1000 customers are active on the platform.

Round was oversubscribed

In order to secure further growth, Loanboox carried out a Series B financing round. Founder and CEO Stefan Muehlemann is very pleased with the great response from international investors: In fact, we had the opportunity to select the new investors who could offer the most added value to Loanboox, as we were significantly oversubscribed. In addition, all previous shareholders have again invested in this round, a special sign of trust. We take those results as a great compliment, but also as an incentive for our further expansion in Europe and the expansion of our product range, for which we are now ideally equipped. Even after the Series B financing round, the majority of the shares will remain in the hands of the founders and employees. The current valuation of 110 million euros (CHF 122 million) is an impressive illustration of Loanboox’ success to date, but also of its enormous potential. The aim is to achieve profitability by the end of 2021.

DKB’s first Fintech investment

With the Deutsche Kreditbank and the LGT Group as further institution in the financial sector, Loanboox has gained two renowned investors who, like the other investors, also contribute expertise. Muehlemann: «This is a clear sign of our openness towards traditional market participants. We are proud to have gained the DKB, a digital pioneer in the banking environment, and the LGT Group, a globally active financial group, as investors». Since the investments of both companies are in the low single-digit percentage range, Loanboox’ independence is still fully guaranteed. Thomas Jebsen, executive board member of DKB: In the future, the platform economy will also change the traditional financing business of the public sector in Europe and we want to participate in this at an early stage Also Prince Max von und zu Liechtenstein, CEO of the LGT Group, is pleased about the investment: Loanboox is trend-setting in the area of big ticket debt. We are convinced of that.

Several other well-known business angels

In addition to these two well-known addresses, numerous family offices and very well networked business angels have invested. Amongst others Emmanuel Roth (Co-Managing Partner at Five Arrows Principal Investments), Luzius Meisser (Co-Founder Bitcoin Association Switzerland and Board of Director at different Swiss Start-ups), Gerd Häusler (Member of the supervisory board of different German companies), Mutschler Ventures (with successful multi-investor Sylvie Mutschler), Delphen SARL (with ex-BCG Europe Chairman and now Loanboox France President René Abate) and Prof. Roland Berger (Founder, Partner and Honorary Chairman of Supervisory Board of the international strategy consultancy Roland Berger), who comments on Loanboox as follows: For me, Loanboox is an important catalyst for increasing transparency, efficiency and security in the financing sector by creating significant and sustainable benefits for all market participants. The further applications of the technology and the platform are enormous.

Contact for questions

Loanboox
Mr. Stefan Muehlemann, Founder & CEO
Mr. Fabian Haag, Marketing Communications Manager
Burgmauer 10, 50667 Cologne
0049 221 9865420
press@loanboox.de

Here you can find the press release as PDF and a picture of Stefan Muehlemann.

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