Mobimo raises 100 million with Green Bond
For the first time, Mobimo Holding has issued a so-called Green Bond for CHF 100 million. The money is to be used to finance sustainable projects.
Mobimo Holding has placed a fixed-interest green bond on the capital market. This writes the real estate company in an ad hoc release. The bond has a volume of CHF 100 million, a coupon of 2.625% and a term of six years. Payment is on May 25, 2023, and trading on the SIX Swiss Exchange has been applied for.
The Green Bond serves to finance sustainable projects in accordance with the relevant regulatory framework, Mobimo further announces. The Green Bond Framework regulates that the proceeds from the issuance of green bonds are used to finance or refinance new or existing sustainable projects or assets and operating expenses that have a clear environmental benefit. In this regard, the company cites development projects with sustainability certification and a reduction in CO2 emissions. (ah)
