Clifford Chance advises Traton on green bond issuance
Clifford Chance has advised Traton Group on its inaugural green bond issuance under the group’s Green Finance Framework. The €500 million issuance carries an annual coupon of 3.875% and matures in 2031. The bonds have been admitted to trading on the regulated market of the Luxembourg Stock Exchange and are listed on the Luxembourg Green Exchange (LGX).
In line with the Green Finance Framework, the net proceeds will be used to finance or refinance new or existing eligible green projects and assets.
The banking syndicate for the issuance comprised Crédit Agricole Corporate and Investment Bank, Mizuho Bank Europe and Skandinaviska Enskilda Banken.
The Clifford Chance team
The Clifford Chance team was led by partner Cristina Freudenberger (pictured) and included transaction lawyers Lilli Neubauer and Felicitas Fischer, all from the capital markets practice in Frankfurt. The Luxembourg structured finance team was represented by partner Marc Mehlen, senior associate Marie-Elise Gueble and trainee lawyer Victor Hilbertz.
