VERBUND Successfully Places New EUR 500 Million Green Bond

VERBUND AG, Austria's leading utility company, has issued a green bond worth EUR 500 million with a term of seven years. The bond, which includes a focus on biodiversity, was highly demanded and oversubscribed more than six times. The interest rate was set at an attractive level of 3.250%.

The proceeds from the bond will be used to finance green projects aligned with the updated VERBUND Green Financing Framework. This framework has been validated by ISS ESG, confirming compliance with EU taxonomy, the Green Bond Principles 2021, and the EU Green Bond Standards.

Up to 90% of the funds will support the construction of the 380 kV Salzburg high-voltage line, crucial for Austria's electricity supply. Additionally, funds will finance the "LIFE Riverscape Lower Inn" and "LIFE Project Blue Belt Danube Inn" to enhance biodiversity around hydropower plants in Austria and Bavaria.