The Royal Schiphol Group is to use €500m (US£570m) of green bonds to invest in the sustainability of its airports. Schiphol will use the funds on clean transportation and green buildings.
The issuance of the green bond reflects Schiphol’s ambition to be the most sustainable airport. It contributes to achieving the hub’s smart and sustainable plan, which was recently presented by the Dutch aviation industry. Part of that plan includes all terminals, offices and the ground operation of all airports connected to the Royal Schiphol Group becoming climate neutral.
The bonds were placed with a broad range of institutional investors, including demand from investors managing ESG investment mandates. The final order book amounted to approximately €3bn (US$3.42bn).
The bonds will be listed on Euronext Amsterdam and BNP Paribas, ING and NatWest Markets acted as joint book runners on the transaction.
