Axpo issues $141.5m green bond to finance wind and solar

Swiss energy utility Axpo has put a CHF133m ($141.5m) green bond in place to raise money for solar and wind projects. The bond, which was issued through a digital capital market platform run by fintech start-up Loanboox, will have a coupon rate of 1.002% over a seven-year term.

Swiss utility and energy trader Axpo Holding AG said it has successfully placed a green bond in the amount of CHF 133 million (USD 141.5m/EUR 123.8m) on the local capital market.

The issuance was placed via a digital capital market platform.

The green notes bear a coupon of 1.002% and have a term of seven years.

The company said it will use the proceeds to fund photovoltaic (PV) and wind power projects.

(CHF 1.0 = USD 1.064/EUR 0.931)

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