Europcar: successful 'green' bond issue
(CercleFinance.com) - Europcar Mobility Group today announces a successful 500 million euro Sustainability-linked bond issue to refinance its fleet on a "green" basis, having been oversubscribed to by over four times, along with a "very competitive" coupon.
This issue, which is the first of its kind for Europcar and the car rental sector, aims to proactively manage the fleet's debt in line with the 1.7 billion euro securitisation program refinanced last June.
"For The Group wishes to leverage sustainable financing schemes to accelerate its carbon transition; a lever that it considers to be both very relevant and powerful in engaging its internal and external stakeholders, as well as in transforming its operating model," it said.
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This issue, which is the first of its kind for Europcar and the car rental sector, aims to proactively manage the fleet's debt in line with the 1.7 billion euro securitisation program refinanced last June.
"For The Group wishes to leverage sustainable financing schemes to accelerate its carbon transition; a lever that it considers to be both very relevant and powerful in engaging its internal and external stakeholders, as well as in transforming its operating model," it said.
Copyright (c) 2021 CercleFinance.com. All rights reserved.