BNP Paribas arranges green promissory note for Hamburger Hochbahn AG
- Emission several times oversubscribed
- Financing contributes to the implementation of the climate plan of the Hanseatic City Hamburg
BNP Paribas has once again supported Hamburger Hochbahn AG (HOCHBAHN), the second largest public transport provider in Germany, in financing sustainable transportation projects.
Following the successful emission of a green bond – the first green infrastructure bond provided by a German transport company – in 2021, BNP Paribas recently acted as a Joint Lead Arranger and Joint Sustainability Coordinator in the issuance of a 300 million euro Green Promissory Note for eligible green projects. This financing is also the first of its kind for a public transport company.
The issue was three times oversubscribed. This was also due to the top rating of HOCHBAHN’s sustainability strategy, which complies with the international standards of the International Capital Market Association (ICMA).
As the operator of the subway and large parts of the bus system in Hamburg, HOCHBAHN plays an important role in the implementation of the city’s climate plan, which is also the owner of the company.
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