Green finance

Purmo Group Plc has established a Green Finance Framework to integrate the company’s sustainability ambitions into its funding. Establishment of the Green Finance Framework supports Purmo Group’s global sustainability journey and mission to be the global leader in indoor climate comfort solutions.

The Green Finance Framework is designed to support financing or refinancing Eligible Assets and Expenditures, in part or in full, that enable energy efficiency improvements, such as equipment for heating and cooling systems, and components enabling smart controlling and monitoring of heating and cooling systems.

 

Green hybrid bond under the green finance framework:

*Capital securities bear a fixed coupon interest of 9.50 % per annum until 23 Feb 2026 (the Reset Date) and, from the Reset Date, a floating interest rate quarterly in arrears on each interest payment date (as defined in the Prospectus of the capital securities).
TypeMaturityInitial amountIssue dateAnnual coupon rateISIN
Green capital SecuritiesNo maturity dateEUR 60 million23 February 20239.50% until Reset Date*FI4000548896
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