Priced: Triodos Bank EUR300M 5NC4 green senior preferred MS+170

Priced: Triodos Bank EUR300M 5NC4 green senior preferred MS+170

Triodos Bank has successfully issued EUR300 million in 5-year (5NC4) green senior preferred shares, priced at a premium of 170 basis points over comparable risk-free rates. This issuance is part of the bank's ongoing commitment to sustainable finance and aligns with its strategy to fund renewable energy and other green initiatives.

The green senior preferred shares are designed to provide investors with a stable income stream while supporting Triodos Bank's green investment portfolio. The proceeds from this issuance will be used to finance and refinance critical infrastructure projects, such as renewable energy generation and transmission networks, in line with the bank's sustainability objectives.

The issuance follows a growing trend among financial institutions to tap into the green bond market to fund sustainable projects. According to a Reuters report [1], SSEN Transmission, a subsidiary of SSE plc, has successfully launched its second issuance in the Euro bond market with a EUR750 million long 8-year green bond. This issuance highlights the increasing demand for green financing and the potential for these instruments to drive sustainable growth.

The issuance of green senior preferred shares by Triodos Bank also reflects a broader shift in private equity strategies, as seen in Blackstone's recent refinancing of its Interplex acquisition [2]. By extending the loan's maturity and potentially increasing its size, Blackstone is not only stabilizing its balance sheet but also positioning itself to capitalize on Asia's evolving capital markets and regulatory landscape.

In conclusion, the issuance of EUR300 million in 5NC4 green senior preferred shares by Triodos Bank is a significant milestone in the bank's commitment to sustainable finance. This issuance demonstrates the growing demand for green financing and the potential for these instruments to drive sustainable growth. For investors, this issuance presents an attractive opportunity to support sustainable projects while generating a stable income stream.

References:
[1] https://www.tradingview.com/news/reuters.com,2025-08-26:newsml_RSZ7496Wa:0-reg-sse-plc-ssen-transmission-issues-new-750m-green-bond/
[2] https://www.ainvest.com/news/blackstone-interplex-refinancing-blueprint-esg-driven-growth-asia-high-tech-sectors-2508/