CHG-MERIDIAN successfully places new €100 million ESG-linked bonded loan

Following a four-week marketing phase, the order book for the sustainable bonded loan placement was closed on August 3 with disbursement following on August 11. A total of 23 investors, mainly from the German banking sector, participated in the transaction, including a number of banks from the Savings Banks Finance Group and the Cooperative Financial Network as well as several private banks. In addition to investors who had subscribed to previous placements by CHG-MERIDIAN and rejoined for this transaction, CHG-MERIDIAN’s latest issue also attracted new investors, which helped to further diversify the investor base.

“We set ourselves a target issue volume of €100 million and were able to place this in the market with very healthy take-up. The strong demand from investors indicates that we were very well suited to the market and the current pricing."

The bonded loan is linked to the EcoVadis rating of CHG-MERIDIAN. The Group currently holds a silver rating, which means that it ranks among the top 25 percent of all companies assessed by EcoVadis.

“This new bonded loan constitutes progress on the journey toward our medium-term goal of raising half of our growth-related funding by means of sustainability-oriented financing solutions,” adds Bergmann. The latest bonded loan is the fourth sustainable financial instrument that CHG-MERIDIAN has successfully launched.

CHG-MERIDIAN was supported in the transaction by BayernLB as sole lead arranger.

The sustainable transformation of the economy is a global challenge: high time for companies, their CEOs and CFOs to change their perspective and use more and more sustainable financial instruments.