On Wednesday 12 March 2025, Spuerkeess (BCEE) issued its inaugural €500 million 6NC5 Senior Preferred Green Bond, which the bank said marked a significant step in its capital markets strategy and support for sustainable projects.
Spuerkeess said in a statement that the bond, issued under the bank’s newly launched Green Bond Framework (GBF), will be listed on the Luxembourg Stock Exchange (LuxSE) and displayed on the Luxembourg Green Exchange (LGX), “the world’s leading platform dedicated exclusively to sustainable securities”. The Global Coordinator for the transaction was Deutsche Bank and joint bookrunners were Belfius, Citigroup, Deutsche Bank and Société Générale.
The issuance attracted approximately 125 orders, with the final order book exceeding €1.8 billion, resulting in an oversubscription of 3.6 times the issuance size.
Proceeds from the Green Bond will fund eligible green projects aligned with Spuerkeess’ Green Bond Framework, designed in accordance with ICMA Green Bond Principles.
Doris Engel, Chief Financial Officer at Spuerkeess, commented: “This inaugural benchmark green bond issuance marks a pivotal step in our funding and sustainability strategy. The strong investor interest not only highlights their confidence in our credit profile, business strategy and long-term financial resilience, but also reflects the growing appetite for credible and impactful green investments. The successful completion of this transaction establishes a solid foundation for future capital markets activity.”
IK
