Danfoss hosts investor meetings for first sustainability-linked bonds

Chicago, May 23 – Danfoss Finance II BV (BBB) will be hosting fixed-income investor meetings starting Wednesday for the company’s first sustainability-linked bond offering, according to a market source.

The €500 million of bonds (no-grow) are expected to have a 6.5-year tenor.

The bond will be linked to the achievement of a reduction in scope 1 and 2 GHG emissions by 75% in 2028 compared to a 2019 baseline.

The issue will be guaranteed by Danfoss A/S.

BNP Paribas, Danske Bank, JPMorgan and Nykredit have been named joint bookrunners for the Regulation S offering.

JPMorgan is coordinating logistics on the presentations.

Proceeds will be used for general corporate purposes.

Danfoss makes cooling and heating equipment and has headquarters in Nordborg, Denmark.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.