With transactions for Tennet, KPN, JDE Peet’s and Stedin Groep in one week, the month of November has started well for BNP Paribas. The green bonds for Tennet and Stedin and the sustainability-linked bond for KPN clearly show the demand in the Dutch market for green financing solutions.

The bond issue of Koninklijke KPN N.V. is the first sustainability-linked bond in the European Telecom sector and represents a value of EUR 700 million with a tenor of 12 years.

TenneT has successfully priced a new senior Green Bond of EUR 1 billion, representing its largest ever issue-size. The proceeds will be used to invest in eligible green power transmission projects in the Netherlands and Germany focused on connecting large-scale offshore wind farms to the onshore electricity grid and enhancing the onshore transmission capacity for renewable energy

Stedin Group has issued its second green bond. The proceeds from the EUR 500 million issue will be used to invest in a wide range of sustainable projects such as connecting new wind turbines and solar farms to Stedin’s electricity network and energy-efficient buildings.

In addition, we supported JDE Peet’s with the pricing and issuance of EUR 600 million single-tranche notes. The proceeds will be used to refinance existing debt facilities and for general corporate purposes.

Murray Black, head of DCM The Netherlands: “At BNP Paribas, we support our clients with financial solutions, industry knowledge and we apply ESG-understanding and technology for their sustainable strategy. We are proud to be able to use our global capabilities for our customers and thus play a pioneering role in the development of sustainable finance.”

Guido van den Brande, co-head of corporate coverage The Netherlands: “We are in an ongoing dialogue with our customers about how we can meet their financing needs in a sustainable way. We clearly see a shift here; it is increasingly natural for investors to integrate ESG into their portfolio. By bringing supply and demand together, we contribute to the sustainable growth of our customers.”

In 2021, BNP Paribas received awards for “Best bank in the world for sustainable finance” and “Best bank in the world for ESG data and technology” from Euromoney.

BNP Paribas has received three awards from leading financial publication Euromoney. They acknowledge our leadership role in the global effort to create a truly sustainable economy. We continue to be strongly engaged in developing products, services, metrics and methodologies that have been enabling sustainable change for many years.

Longstanding commitments to sustainability

Euromoney has recognized Group BNP Paribas with awards for its longstanding commitments to developing finance solutions that are sustainable and supported by rigorous measurement standards.

euromoney awards

The awards are for:

“World’s Best Bank for Sustainable Finance”

“World’s Best Bank for ESG Data and Technology”

“World’s Best Bank for Public Sector”

The awards acknowledge BNP Paribas’ ability to help its clients make their transition strategies a reality whilst at the same time supporting their commercial success, in The Netherlands and beyond.

geert lippens comments on euromoney awards

These awards are a great recognition of joint efforts, as only together with our clients we can build better businesses for a better future. The close and long-term partnerships with our clients help us understand their sustainable needs and ambitions as well as the trends and technologies that shape their industry. This way we can craft financial solutions that support them while also contributing to a better future.

The recent green financing framework put in place for Olatein, a joint venture between DSM and Avril, helps our clients innovate and supports sustainable consumption as well as transition to a low-carbon economy. We are more than ready to unlock our global sustainable finance expertise for our clients and to support  the energy transition in the Netherlands.

Geert Lippens, CEO van BNP Paribas in Nederland