Clifford Chance

Clifford Chance advises ABN AMRO on its inaugural €750 million EuGB issuance

Global law firm Clifford Chance advised its longstanding client ABN AMRO in relation to its successful issuances of nearly €4 billion across a series of milestone trades, including its inaugural €750 million European Green Bond (EuGB) labelled bonds. ABN AMRO is the first financial institution in Europe and the first Benelux issuer to issue EuGB labelled bonds. The EuGB label targets alignment with the EU Taxonomy and European Green Bond Standard.

The proceeds of the EuGBs will be fully allocated towards financing and/or refinancing eligible assets in accordance with ABN AMRO’s green bond factsheet. The EuGBs have an annual coupon of 3.000% and are admitted to trading on the regulated market of Euronext Amsterdam.

Clifford Chance advised on all legal aspects of this innovative transaction and looks forward to using the expertise and knowledge of its market-leading Debt Capital Markets practice to further expand the EuGB market. Clifford Chance's capital markets team advising ABN AMRO was led by Jurgen van der Meer and furthermore consisted of Marina Sarkisjan, Kris Soomers, Omid Barzegar, Nolan Groenland, Robin Houtveen and Johan Anton Niesten.