Arkema has successfully placed its inaugural Green Bond

- Press release
Corporate - Finance - Social responsibility - Products
Today, Arkema successfully placed its first ever Green Bond fully dedicated to the financing of its new world-scale plant in Singapore to manufacture 100% bio-based Rilsan® polyamide 11. For a total amount of €300 million, this Green Bond has a maturity of 6 years and an annual coupon of 0.125%. The offering was more than 10 times oversubscribed.

By offering innovative solutions to its customers, notably in the field of lightweight materials, new energies and bio-based products, Arkema aims to generate responsible growth contributing to the Sustainable Development Goals defined by the United Nations.

 

With this unprecedented Green Bond, fully aligned with Arkema’s CSR policy, the Group is financing its new world-scale plant in Singapore, a major innovative and sustainable project at the heart of its organic growth strategy. This plant, scheduled to come on stream in 2022, is designed with state-of-the-art technology in order to maximize its efficiency and minimize its environmental impact, and will be dedicated to producing 100% bio-based amino 11 monomer and Rilsan® polyamide 11 from castor oil, a renewable and sustainable feedstock.

 

Rilsan® polyamide 11 is recognized worldwide for its superior properties and performance in very demanding applications, significantly contributing to the development of sustainable solutions in fast growing sectors, such as mobility and in particular new energy vehicles, 3D printing as well as consumer goods.

Arkema’s Green Bond framework is aligned with the ICMA’s Green Bond Principles as set out in a Second Party Opinion provided by Vigeo Eiris, a leading independent provider ESG ratings agency.

 

The documentation related to this bond issuance is available on the Arkema

Contacts

Béatrice ZILM
Investor relations
Caroline CHUNG
Investor relations
Peter FARREN
Investor relations
Arie TAIEB
Investor relations
Gilles GALINIER
VP Communication
Arkema
Véronique OBRECHT
Corporate Press relations
Arkema
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