Axpo places green bond via Loanboox
Axpo has placed a green bond worth CHF 133 million via the digital capital market platform of the fintech Loanboox. The energy company intends to use the capital it has raised to finance projects in the fields of photovoltaics and wind energy.
Axpo has placed a so-called green bond via the digital capital market platform of the Zurich fintech Loanboox , according to a media release . The fixed-interest bond of CHF 133 million has a term of seven years.
Axpo intends to use the net proceeds from the bond to invest in renewable energies. The company highlights wind energy and photovoltaic projects. Overall, Axpo wants to use the Green Bond to “strengthen its position as the largest Swiss producer of renewable energies” and expand its group of investors, it is said.
According to Loanboox, Axpo is the first issuer to place a green bond entirely digitally via the debt capital market platform. "This first bond is proof that our digital process creates added value for all market participants," says Philippe Cayrol, CEO of Loanboox. "We are proud and happy to work with innovative customers and partners to create new standards in terms of transparency, pricing and allocation in the primary market – in Switzerland and Europe," he adds.