Baker McKenzie Zurich has advised Axpo Holding AG on the successful placement of a CHF 133 million green bond on the Swiss capital market. The placement has been processed via a digital market platform which is a primer in the Swiss market. The structure of the green bond is set out in the Axpo Green Bond Framework, which is based on the Green Bond Principles of the International Capital Market Association (ICMA). The transaction closed on 15 July 2020.
The green bond has a coupon of 1.002% and a term of 7 years. The net proceeds of the bond will be used to fund projects in the photovoltaic and wind energy sectors. This will help Axpo to strengthen its position as the largest Swiss producer of renewable energies and to expand its base of investors.
Baker McKenzie acted as legal counsel to Axpo Holding AG in this capital markets transaction. The Baker McKenzie team comprised Marcel Giger (Partner, Capital Markets) and Philip Spoerlé (Senior Associate, Capital Markets).