De Volksbank issues its first green bond
On 9 September 2019, de Volksbank N.V. successfully issued its inaugural senior preferred bond under the Green Bond Framework. The € 500 million bond has a term of 5 years and a coupon of 0.01%. The bond was oversubscribed with an order book reaching approximately € 1.7 billion.
Sustainability objective
De Volksbank wants to make a relevant and positive contribution to society, with a focus on sustainability and financial resilience. By issuing green bonds, de Volksbank is adding a new element to its value chain. This is consistent with our aim for a 45% climate-neutral balance sheet by 2020, rising to 100% by 2030.
Green Bond Framework
De Volksbank’s Green Bond Framework has been drawn up in accordance with the ICMA Green Bond Principles and has been assessed on quality, sustainability and transparency by ISS-oekom, one of the world’s leading rating firms in the area of sustainable investment.