The 10-year, EUR500m green bond with a coupon of 0.75% received orders worth some EUR3.7b. The green bond is the first fundraising under Maersk’s newly launched Green Finance Framework under which it plans to issue a variety of sustainable financing instruments such as bonds, loans, and project finance.
The first green bond issues is to fund the building of its Maersk’s first methanol powered feeder vessel and the ground-breaking series of eight 16,000 teu methanol fuelled containerships.
“Issuing Green Financing Instruments is a further step to integrating sustainability into our financing operations as it is an effective tool for channelling investments to projects with positive environmental impact and thereby contributing to the achievement of the UN Sustainable Development Goals (SDGs) and the Paris Agreement,” said Patrick Jany, CFO of Maersk.
“With this green bond, we aim at diversifying our investor base by reaching out to new investors and increasing the transparency of our ESG ambitions and performance even further towards our stakeholders.”
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