New Issue: Scania Colombia places $126 million of notes to advance sustainability goals

By William Gullotti

Buffalo, N.Y., Nov. 10 – Scania Colombia sold $126 million of sustainability-linked notes in the company’s first U.S. private placement, according to a press release on Wednesday.

The sale, conducted with Natixis and Bonus, is financing three separate concessions for the supply of clean transportation solutions for TransMilenio, the public transportation authority for the District of Bogota, Columbia.

The notes were issued by Gran Americas Usme Provision SAS, Gmasivo 10 SAS and Gmasivo 16 SAS.

Natixis acted as placement agent, sustainability coordinator and letter of credit issuing bank.

Natixis and Bonus acted as joint structuring agents and joint rating advisers of the notes.

The bonds were issued under the sustainability bond framework, which recognizes the favorable environmental and social impact of the company’s buses for the District of Bogota. The bond met the criteria for certification by the Climate Bond Standard Board on behalf of the Climate Bonds Initiative and received a positive assessment from ISS-ESG.

Scania Colombia is a provider of transport solutions and is the Latin American arm of Scania, a part of Traton Group.

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