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EQS-News: VERBUND AG / Key word(s): Bond/Issue of Debt
VERBUND successfully places new EUR 500 million Green Bond including biodiversity
2024-05-21 / 11:00 CET/CEST
The issuer is solely responsible for the content of this announcement.
VERBUND AG, Austria's leading utility company, has taken another step in its long-standing green finance strategy and
successfully issued a green bond including biodiversity. The green bond including biodiversity for EUR 500 million with
a term of 7 years was extremely well received by the investor community in a competitive environment and was therefore
oversubscribed more than 6 times at the peak. The high demand made it possible to set the interest rate at an
attractive level of 3.250%.
VERBUND intends to use the net proceeds from the issuance of the bond for green projects that are in line with the
VERBUND Green Financing Framework, updated in May 2024. The green financing framework was examined by the
internationally renowned sustainability rating agency ISS ESG and provided with a second party opinion (available at
www.iss.esg.com), which confirms compliance with the EU taxonomy (from November 2022), the Green Bond Principles 2021
(with appendix from June 2022) and the EU Green Bond Standards.
VERBUND intends to use up to 90% of the proceeds from the bond to finance the construction of the 380 kV Salzburg
high-voltage line (Salzburg line). The Salzburg line is a key section of the 380 kV high-voltage ring in Austria, which
forms the basis of the country's electricity supply and is therefore of great importance for regional, national and
European supply security. With the Salzburg line, which leads to a significant increase in the east-west transport
capacity within Austria, the renewable energies generated in eastern Austria can be transported to the pumped storage
power plants in western Austria. In this way, the management contributes to the implementation of the Austrian energy
strategy and to achieving the Austrian climate protection goals.
In addition, VERBUND intends to finance the projects "LIFE Riverscape Lower Inn" and "LIFE Project Blue Belt Danube
Inn" (the "Biodiversity Projects"). The biodiversity projects are part of the VERBUND program to improve ecology and
biodiversity around hydropower plants in Austria and Bavaria (Germany). An essential design feature of such concepts
are bypass rivers, which restore continuity and at the same time provide important habitats for fish, amphibians,
water-bound birds and many other rare river meadow species. After completion of the biodiversity projects, the
continuity of the VERBUND power plants on the Danube and Inn shall be fully ensured.
In the past, VERBUND has achieved several milestones in the field of Green Finance: The first Corporate Green Bond of a
DACH company in 2014, the world's first digital "Green Schuldschein loan" and an ESG-linked syndicated loan in 2018, a
"Green & Sustainability-linked Bond" in line with the EU Taxonomy in 2021, as well as an ESG-linked promissory note in
2022 and a Sustainability-linked syndicated loan in 2023.
Important Notice
These materials are not for distribution or release, directly or indirectly, in or into the United States (including
its territories and possessions, any State of the United States and the District of Columbia), Australia, Canada, Japan
or any other jurisdiction in which such distribution or release would be unlawful. These materials do not constitute or
form a part of any offer or solicitation to purchase or subscribe for securities in the United States, Australia,
Canada or Japan, or any other jurisdiction in which such offer or solicitation may be unlawful. The securities
mentioned herein have not been, and will not be, registered under the US Securities Act of 1933, as amended (the "
Securities Act"). The securities may not be offered or sold in the United States, absent registration or an exemption
from the registration requirements of the Securities Act. There will be no public offer of the securities in the United
States.
This publication does not constitute an offer to sell or the solicitation of an offer to purchase securities of VERBUND
AG. The securities have already been placed.
Contact:
Andreas Wollein
Head of Group Finance and Investor Relations
T.: +43 (0)5 03 13 - 52604
F.: +43 (0)5 03 13 - 52694

mailto:investor-relations@verbund.com  
2024-05-21 CET/CEST This Corporate News was distributed by EQS Group AG. www.eqs.com  
Language:     English 
Company:      VERBUND AG 

Am Hof 6A
1010 Wien
Austria

Phone:        0043-1-53113-52604 
Fax:          0043-1-53113-52694 
E-mail:       investor-relations@verbund.com 
Internet:     www.verbund.com 
ISIN:         AT0000746409 
WKN:          877738 
Indices:      ATX 
Listed:       Vienna Stock Exchange (Official Market) 
EQS News ID:  1907667 

End of News EQS News Service
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1907667 2024-05-21 CET/CEST

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May 21, 2024 05:00 ET (09:00 GMT)