Global law firm Baker McKenzie has advised the Joint Lead Managers on LeasePlan Corporation N.V.'s successful issuance of EUR 1 billion Green Bonds which have a five year maturity and carry a fixed interest rate of 0.250%. LeasePlan mandated Banco Santander, BNP Paribas, Danske Bank, ING and J.P. Morgan as Joint Lead Managers on the transaction.

LeasePlan intends to use an amount equivalent to the net proceeds from the issuance of the Green Bonds to finance and/or refinance battery electric vehicles that meet the criteria of 'Green' under the Climate Bonds Standards and Certification (traffic light) scheme and which in accordance with the EU Taxonomy are considered fully eligible for green finance purpose, as further specified in LeasePlan's Green Finance Framework.

Moussa Louizi comments: "This transaction represents the continued focus the markets have on sustainability which is an indispensable development of the financial industry. As such we are delighted to have advised the Joint Lead Managers on this fantastic issuance and to see LeasePlan's continued commitment to the execution of their sustainability strategy".

The Baker McKenzie team that advised the Joint Lead Managers consisted of Moussa Louizi (Partner), Hugo van der Molen (Legal Director) and Paul van de Ven (Senior Associate).

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