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FRANKFURT - Deutsche Bank AG (ETR:DBKGn), Frankfurt, acting as a Stabilisation Manager, announced today that AB Sagax has successfully completed the issuance of a EUR 300 million green bond with a seven-year term. The securities, designated as AB Sagax (publ) EUR 7yr Green 300m with an ISIN of XS3025210694, were priced at 99.414% with a spread over the benchmark German government bond due February 15, 2032, of +151.2 basis points.
The bond offering, which took place earlier this month, was managed by a syndicate including Deutsche Bank, J.P. Morgan, and Nordea. The announcement confirmed that no stabilisation activities were carried out by the Stabilisation Managers during the post-stabilisation period. Stabilisation is a process used by underwriters to support the secondary market price of a security after its initial offering to prevent or mitigate price declines.
The green bond issued by AB Sagax, a company known for its investments in commercial properties, reflects a growing trend in the financial markets where companies and investors focus on environmentally friendly and sustainable projects. The proceeds from green bonds are typically used to finance or refinance projects with positive environmental impacts, such as renewable energy, energy efficiency, and sustainable waste management.
It is important to note that the securities mentioned have not been registered under the United States Securities Act of 1933 and, as such, may not be offered or sold in the United States absent registration or an exemption from registration. Consequently, there will not be a public offering of the securities in the United States.
This information is based on a press release statement and is provided for informational purposes only. It does not constitute an invitation or offer to underwrite, subscribe for, or otherwise acquire or dispose of any securities of the issuer in any jurisdiction. The information is disseminated by RNS, the news service of the London Stock Exchange (LON:LSEG), and is approved by the Financial Conduct Authority in the United Kingdom (TADAWUL:4280). Terms and conditions relating to the use and distribution of this information may apply.
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