Volksbank’s €500 Million Senior Non-preferred Green Bonds Issuance

NautaDutilh assisted Volksbank on the deal.

The notes have a maturity of 5 years and carry an 0.25% interest rate. It is de Volksbank’s second issuance of senior non-preferred notes, following a first issuance of € 500 million, in March 2021 on which NautaDutilh also assisted de Volksbank.

The SNP notes were issued in compliance with 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. The proceeds of this issue will be allocated to a ‘green loan portfolio’ of new and existing loans, that contribute to a climate neutral balance sheet through reduced or avoided emissions. 

“De Volksbank is a frontunner on green bonds and we are proud to have assisted de Volksbank once again in the effort to make this issuance happen.” says managing partner, Petra Zijp.

NautaDutilh’s team working on this transaction consisted of Mariëlle van Nimwegen (Picture), Tessa van Berkum, Nina Kieleman and Alissia Sudibyo, supervised by Petra Zijp. 

Involved fees earner: Nina Kielman – NautaDutilh; Alissia Sudibyo – NautaDutilh; Tessa van Berkum – NautaDutilh; Mariëlle van Nimwegen – NautaDutilh; Petra Zijp – NautaDutilh;

Law Firms: NautaDutilh;

Clients: Volksbank Wien AG;

Author: Federica Tiefenthaler