Touax: FIRST GREEN BOND ISSUANCE FOR TOUAX, HYBRID DEBT 100% REFINANCED
June 30 2022 - 11:45AM
Touax: FIRST GREEN BOND ISSUANCE FOR TOUAX, HYBRID DEBT 100%
REFINANCED
PRESS
RELEASE Paris, 30
June 2022 – 5.45 p.m.
YOUR OPERATIONAL LEASING SOLUTION FOR
SUSTAINABLE TRANSPORTATION
FIRST GREEN BOND
ISSUANCE FOR
TOUAXHYBRID DEBT 100% REFINANCED
TOUAX continues its evolution towards green
financing as an active player in the sustainable transport
services. After the financing of its Freight Railcars division by a
Green Loan, TOUAX issued its first Sustainable Linked Bond on 28
June 2022 for an amount of €33.3 million and a duration of 5 years.
Issued Euro-PP bonds are senior unsecured and listed on Euronext
Access.
This transaction extends the maturity of TOUAX
corporate debt by refinancing its 2025 Euro-PP bonds and reduces
the cost of group’s financial resources by €0.9 million per year,
with the full repayment of its TSSDI (Undated Deeply Subordinated
Bonds). Financial covenants are limited to annual compliance with
Loan-to-Value and Interest Coverage ratios, both well suited to the
group's business.
Fabrice and Raphaël Walewski commented: " The
success of this transaction confirms the investors' growing
appetite for TOUAX group, its highly resilient business model in an
uncertain and inflationary macro-economic environment, and its
strategy as an operational lessor for sustainable
transportation.”
Touax was advised by Octo Finances, arranger of
the deal. Legal advisors are Stephenson Harwood (issuer counsel)
and CMS Francis Lefebvre (arranger counsel).
UPCOMING EVENTS
- 28 September 2022:
Publication of H1 results
- 29 September 2022:
Video conference call to present the H1 results in French
- 30 September 2022:
Video conference call to present the H1 results in English
- 14 November 2022:
Q3 revenue from activities
TOUAX Group leases out
tangible assets (freight railcars, river barges and containers) on
a daily basis worldwide, both on its own account and for investors.
With more than €1.2 billion of assets under management, TOUAX is
one of the leading European players in the leasing of such
equipment.
TOUAX is listed on the
EURONEXT stock market in Paris – Euronext Paris Compartment C
(ISIN: FR0000033003) – and is listed on the CAC® Small, CAC® Mid
& Small and EnterNext©PEA-PME 150 indices.
For further
information please visit: www.touax.com
Contacts:TOUAX ACTIFINFabrice
& Raphaël
Walewski Ghislaine
Gasparettotouax@touax.com ggasparetto@actifin.frwww.touax.com Tel:
+33 1 56 88 11 11Tel:
+33 1 46 96 18 00
- EN TOUAX PR 30 06 2022 EURO PP transaction
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