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Below you find all financial announcements since the issuance of our corporate bonds in October 2010. To view all press releases by Hapag-Lloyd please visit the press section.
DGAP-News: Hapag-Lloyd AG / Key word(s): Issue of Debt
Hamburg, 26 March 2021
Sustainability-linked senior note successfully placed
- Bond volume in the amount of EUR 300 million placed
- Coupon of 2.5% achieved
- Proceeds to be used for early redemption of existing EUR bond
Hapag-Lloyd AG has successfully placed on the market its first sustainability-linked corporate senior note with a volume of EUR 300 million. The senior note has a coupon of 2.5% and a maturity of 7 years. The emission price was 100%. The proceeds of this new note issuance will be used to redeem early and in full the existing 5.125% EUR bond (ISIN XS1645113322 and ISIN XS1645114056) in the amount of EUR 300 million and maturing in 2024. The existing note is expected to be redeemed on 7 April 2021 at the fixed price of 102.563%.
"With the successful placement of our sustainability-linked note, we have reached another milestone in our green financing activities. At the same time, we are very pleased with the demand and the confidence of our investors. Now we need to keep our own ambitious sustainability targets for CO2 intensity firmly in sight and achieve them step-by-step," says Mark Frese, Chief Financial Officer of Hapag-Lloyd AG.
The sustainability-linked senior note is associated with a clearly defined sustainability target: By 2030, the CO2 intensity of Hapag-Lloyd's own fleet is to be reduced by 60% compared with 2008, the reference year of the International Maritime Organization (IMO). Improvements in the CO2 intensity will be measured and annually disclosed according to the so-called Average Efficiency Ratio (AER) indicator, which was 11.68 in 2008 and is expected to fall to 4.67 by 2030.
The securities are not intended to be offered, sold or otherwise made available to and should not be offered, sold or otherwise made available to any retail investor in the European Economic Area ("EEA") and the United Kingdom. For these purposes, a "Retail Investor" means a person who is one (or more) of: (i) a retail client as defined in point (11) of Article 4(1) of MiFID II; (ii) a customer within the meaning of Directive (EU) 2016/97, where that customer would not qualify as a professional client as defined in point (10) of article 4(1) of MiFID II; or (iii) not a Qualified Investor as defined in Regulation (EU) 2017/1129 (the "Prospectus Regulation"). Consequently, no key information document required by Regulation (EU) 1286/2014 (the "PRIIPs Regulation") for offering or selling the securities or otherwise making them available to retail investors in the EEA has been prepared and therefore offering or selling the bonds or otherwise making them available to any retail investor in the EEA and the United Kingdom may be unlawful under the PRIIPs Regulation. In the United Kingdom, MiFID II, the Prospectus Regulation and PRIIPs Regulation form part of domestic law by virtue of the European Union (Withdrawal) Act 2018 ("EUWA").
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Phone +49 40 3001-2896
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26.03.2021 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
|Phone:||+49 (0) 40 3001 - 2896|
|Fax:||+49 (0) 40 3001 - 72896|
|Listed:||Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Hanover, Munich, Stuttgart, Tradegate Exchange|
|EQS News ID:||1178757|
|End of News||DGAP News Service|