Issue of EUR 60 million green hybrid bond
We advised Purmo Group Plc in the issue of a EUR 60 million green hybrid bond.
The rationale for the issue is to ensure funding for Purmo Group’s strategy acceleration programme. In connection with the issue, Purmo Group published a green finance framework to integrate the company’s sustainability ambitions into its funding. The net proceeds from the issue will be used in accordance with Purmo Group’s green finance framework.
Purmo Group is a leader in sustainable indoor climate comfort solutions in Europe. Purmo Group provides complete heating and cooling solutions to residential and non-residential buildings, including radiators, underfloor heating, heat pumps, towel warmers, valves and controls.