De Volksbank successfully issues € 500 million of green senior non-preferred notes
On 15 June 2021, de Volksbank successfully issued € 500 million of senior non-preferred (SNP) notes. The notes have a term of 5 years and a coupon of 0.25%. It is de Volksbank’s second issuance of SNP notes, following a first issuance of € 500 million with a term of 7 years, in February 2021.
The SNP notes were issued under de Volksbank’s Green Bond Framework 2021, which is aligned with the EU Taxonomy. De Volksbank considers green bonds as an effective tool to channel investments to assets that have demonstrated climate benefits and contribute to the achievement of the UN Sustainable Development Goals and EU Objectives. With its green finance strategy de Volksbank aims to diversify its investor base, targeting socially responsible and strongly committed sustainable investors, while fostering the relationship with existing investors.