Littelfuse places $150 million, €212 million notes; Monash University places climate bonds

By Devika Patel

Knoxville, Tenn., Dec. 9 – Friday saw two private placements. Chicago-based circuit protection products manufacturer Littelfuse, Inc. sold about $350 million of senior notes in four parts, and Melbourne, Australia, public research university Monash University issued A$218 million of climate bonds.

The Littelfuse notes include $25 million of 3.03% notes due Feb. 15, 2022, €117 million of 1.14% notes due Dec. 8, 2023, $125 million of 3.74% notes due Feb. 15, 2027 and €95 million of 1.83% notes due Dec. 8, 2028.

BofA Merrill Lynch was the agent.

Proceeds will be used to reduce debt under the company’s revolving credit facility and for other general corporate purposes.

The Monash climate bonds were certified by the Climate Bond Initiative and a Green Bond assessment from Moody's Investors Service.

The university structured the bonds to provide the market with investment options in U.S. and Australian dollars over 15 years, 17.5 years or 20 years.

Proceeds will fund sustainable development projects across the university’s campus network. The funds will add to the university’s transition to net zero emissions.

Over the next two years, Monash University will allocate capital raised through the climate bonds to a portfolio of projects that achieve certification in accordance with the standards of the Global Climate Bond Initiative.

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