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EQS-News: Knorr-Bremse Aktiengesellschaft
/ Key word(s): Bond/Bond
Knorr-Bremse Issues First Green Bond
Munich, September 24, 2024 – Yesterday, Knorr-Bremse AG issued a dual-tranche bond amounting to 1,100 million Euro. The transaction included Knorr-Bremse’s inaugural Green Bond. The company is thus continuing to grow its focus on sustainability into its capital market financing. Frank Markus Weber, Chief Financial Officer of Knorr-Bremse AG: “Our dual-tranche Bond issuance, including Knorr-Bremse’s first Green Bond, is a complete success. It is an indication that we are on the right track. Using the funds from the Green Bond, we will push ahead with our sustainability plans and strengthen our position as a trailblazer of sustainability and green mobility for our customers. The major interest of investors emphasizes the strong confidence in our strategy.” The 8-year bond has a volume of 500 million Euro and the annual coupon amounts to 3.250 percent. The proceeds of this tranche are intended to be allocated to green eligible projects, as described in the , published on August 23, 2024. This includes projects across four eligible green categories: clean transportation, renewable energy, energy efficiency and green buildings. The framework was evaluated by Moody’s Investor Services (Moody’s) in form of a . Moody’s assigned an SQS2 Sustainability Quality Score (very good), which confirms that the framework is in line with ICMA Green Bond Principles and LMA Green Loan Principles and also that it demonstrates a significant contribution to sustainability. The 5-year bond has a volume of 600 million Euro and the annual coupon amounts to 3.000 percent. The proceeds of this tranche are intended for general corporate purposes, including the partial financing of the acquisition of the conventional rail signaling business of Alstom Signaling North America. In addition, parts of the proceeds will be used for the refinancing of existing liabilities maturing in 2025.
Media contact: Claudia Züchner | Spokesperson Financial Communications | Knorr-Bremse AG T 2; E Contact Investor Relations: Andreas Spitzauer | Head of Investor Relations | Knorr-Bremse AG T 310; E
About Knorr-Bremse Knorr-Bremse (ISIN: DE000KBX1006, ticker symbol: KBX) is the global market and technology leader for braking systems and a leading supplier of other rail and commercial vehicle systems. Knorr-Bremse’s products make a decisive contribution to greater safety and energy efficiency on rail tracks and roads around the world. 33,000 employees at over 100 locations in approximately 30 countries develop and produce innovative solutions and services that meet the highest technological standards. In 2023, Knorr-Bremse’s two divisions together generated revenues of approximately € 7.9 billion. For almost 120 years, the company has been at the cutting edge of its industries, driving innovation in mobility and transportation technologies with a leading edge in connected system solutions. Knorr-Bremse is one of Germany’s most successful industrial companies and profits from the key global megatrends: urbanization, sustainability, digitalization, and mobility. DISCLAIMER This publication has been independently prepared by Knorr-Bremse AG. It may contain forward-looking statements which address key issues such as strategy, future financial results, events, competitive positions, and product developments. These forward-looking statements – like any business activity in a global environment – are always associated with uncertainty. They are subject to a number of risks, uncertainties, and other factors, including, but not limited to, those described in Knorr-Bremse’s disclosures. Should one or more of these risks, uncertainties or other factors materialize, or should underlying expectations not occur or should assumptions prove incorrect, the actual results, performances, or achievements of Knorr-Bremse may vary materially from those described in the relevant forward-looking statements. Such forward-looking statements may be identified by words such as “expect,” “want,” “anticipate,” “intend,” “plan,” “believe,” “seek,” “estimate,” “will,” “project” or words of similar meaning. Knorr-Bremse does not intend, nor does it assume any obligation, to update or revise its forward-looking statements regularly in light of developments which differ from those anticipated. This publication may include supplemental financial measures – not clearly defined in the applicable financial reporting framework – that are or may be alternative performance measures (non-GAAP measures). Knorr-Bremse’s financial position, financial performance, and cash flows should not be assessed solely on the basis of these alternative supplemental financial measures. Under no circumstances do they replace the performance indicators presented in the consolidated financial statements and calculated in accordance with the applicable financial reporting framework. The calculation by other companies that report or describe similarly titled alternative performance measures may vary despite the use of the same or similar terminology.
24.09.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. |
| Language: | English |
| Company: | Knorr-Bremse Aktiengesellschaft |
| Moosacher Str. 80 | |
| 80809 Munich | |
| Germany | |
| Phone: | |
| E-mail: | |
| Internet: | -bremse.com |
| ISIN: | DE000KBX1006 |
| WKN: | KBX100 |
| Indices: | MDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange; Vienna Stock Exchange (Vienna MTF) |
| EQS News ID: | 1993875 |
| End of News | EQS News Service |
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1993875 24.09.2024 CET/CEST
