The first benchmark Eurobond issued by the Mercedes-Benz Group AG in September 2020 with a volume of €1 billion, a term of 10 years and an annual coupon of 0.75% was more than 4-times oversubscribed and driven by a high-quality orderbook. The issuance was arranged by BBVA, BNP Paribas, Commerzbank, Crédit Agricole, SEB and Unicredit.
In March 2021, Mercedes-Benz Group AG issued a second green bond. The paper has a volume of €1 billion, a term of twelve years and an annual coupon of 0.75%.
Use of the proceeds
Mercedes-Benz Group will use the net proceeds from the green financing instruments, for example, for the development and production of emission-free vehicles with battery electric drive (BEV) and fuel cell electric drive (FCEV). The use of the proceeds and the climate effects of the projects are published annually in a Green Finance Investor Report.
Daimler wins Environmental Finance Bond Award
With this award, the online platform Environmental-Finance.com recognized the Mercedes-Benz Group's promotion of green finance as an important element of our sustainable business strategy.