By Rebecca Melvin
New York, April 1 – Royal Schiphol Group NV priced €750 million of 2% green notes due 2029 at 99.764 to yield 2.029%, or a spread over mid-swaps of 210 basis points, according to a market source on Wednesday.
The notes have a make-whole call for the Bunds rate plus 40 bps.
Joint bookrunners of the Regulation S deal were ABN Amro, BNP Paribas, ING and Rabobank.
Haarlemmermeer, Netherlands-based Royal Schiphol is the owner and operator of Amsterdam Airport Schiphol, Rotterdam, The Hague Airport and Lelystad Airport, and holds a majority stake in Eindhoven Airport.
| Issuer: | Royal Schiphol Group NV
|
| Issue: | Senior green bonds
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| Amount: | €750 million
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| Maturity: | April 6, 2029
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| Bookrunners: | ABN Amro, BNP Paribas, ING and Rabobank
|
| Coupon: | 2%
|
| Price: | 99.764
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| Yield: | 2.029%
|
| Spread: | Mid-swaps plus 210 bps
|
| Pricing date: | April 1
|
| Settlement: | April 6
|
| Distribution: | Regulation S
|
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