ABN AMRO has become the first financial institution in Europe — and the first issuer from the Benelux region — to price a bond under the new EU Green Bond (EuGB) standard, issuing a EUR 750 million six-year note with a 3.000% annual coupon in February 2025. The transaction was listed on Euronext Amsterdam. The EU Green Bond Regulation became applicable on 21 December 2024, establishing a voluntary framework for green bond issuance across the European Union.
The EuGB label requires proceeds to be allocated to activities aligned with the EU taxonomy and requires review by an external reviewer registered with the European Securities and Markets Authority.
PROCEEDS TARGET BUILDINGS AND RENEWABLE ENERGY
ABN AMRO confirmed that the net proceeds of the issuance will be allocated to green buildings and renewable energy projects. Both categories align with the environmental objectives set out in the EU taxonomy, a prerequisite for the EuGB label.
Clifford Chance advised on the transaction, which the firm described as part of nearly EUR 4 billion in milestone trades it has advised upon.
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