Today, FMO issued Eur 40 million 5-year FMO Sustainability Bonds. The lead order for this transaction was from Triodos Bank. Rabobank is the sole lead arranger.
FMO invests with the motive that ESG – sustainable environmental, social and governance business practices – are the solution in a world facing a surging population and increased consumption. FMO applies the International Finance Corporation (IFC) Performance Standards as a benchmark on social and environmental subjects to our financing activities to ensure the implementation of sustainable business practices. Amongst others, FMO is a signatory to the Equator Principles, United Nations Principles for Responsible Investment (UNPRI), a member of the Global Impact Investing Network (GIIN) and the UN Environment Program Finance Initiative (UNEP FI).
“Triodos Bank’s core activity is financing SME companies working on positive social, environmental and cultural change. As every bank we also have to maintain a portfolio of liquid investments. We take sustainable conditions into consideration when investing our liquidities. Up to now the possibilities of sustainable large scale liquidity investments have been limited however. The FMO sustainability bonds program is therefore a great step forward in this. The bond program is showing that it is possible to allocate funds and set conditions on sustainability when attracting large scale (general) funding from the market. We share many values and goals with FMO. We therefore look forward to a long term cooperation in this program. A program which hopefully will work as example for more (public) organizations” said Jan Pieter Postma, Head Finance & Control, Triodos Bank Nederland.
“We are grateful for the continued investor interest in the Sustainability Bonds issued by FMO, and for the decision of Triodos to support FMO’s mission of working towards the sustainable economic development of the private sector in Africa, Asia, Eastern Europe and Latin America,” said Sheila Codamus-Platel, Treasury Officer, FMO.
Summary Terms:
Issuer: Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO)
Amount: EUR 40,000,000.00
Issue date: 6 September 2012
Maturity date: 6 September 2017
Issue price: 100% of the Principal Amount (EUR 40,000,000.00)
Maturity price: 100.00 % of the Principal Amount
Denomination: EUR 100,000
Dealer: Rabobank International
About Triodos
Triodos Bank is a European bank with a network of offices in five European countries: the Netherlands (Zeist), Belgium (Brussels), the United Kingdom (Bristol), Spain (Madrid) and Germany (Frankfurt). The head office is in The Netherlands.
Triodos Bank is one of the world's leading sustainable banks, offering a wide range of integrated lending and investment opportunities for sustainable sectors in a number of European countries. Its mission is to make money work for positive social, environmental and cultural change.
Find out more about Triodos on their website: http://www.triodos.com/en/about-triodos-bank/
About Rabobank
Rabobank Group, established in 1898, is a Dutch based cooperative financial services provider. Sustained autonomous growth is a leading factor in the strategic course that Rabobank Group aims to steer in the coming years. This strategy centres around its core competence: Food & Agribusiness.
Based on Rabobank’s cooperative beliefs and strategic ambition, four core values have been formulated. These are respect, integrity, professionalism and sustainability. It is important to Rabobank that clients can recognise their bank in these core values. They form the foundations of the group-wide code of conduct and the basis for the actions of Rabobank’s employees. In addition, Rabobank Group subscribes to a range of internal and external codes on general service provision principles, including guidelines issued by the United Nations, the OECD, the International Chamber of Commerce and the International Labour Organisation.
Reference to Rabobank’s sustainability ratings are on http://www.rabobank.com/content/investor_relations/ratings/sustainability_ratings.jsp
About FMO
FMO (the Netherlands Development Finance Company) is the Dutch development bank. FMO supports sustainable private sector growth in developing and emerging markets by investing in ambitious entrepreneurs. FMO believes a strong private sector leads to economic and social development, empowering people to employ their skills and improve their quality of life. FMO focuses on three sectors that have high development impact: financial institutions, energy, and agribusiness, food & water. With an investment portfolio of EUR 6.2 billion, FMO is one of the largest European bilateral private sector development banks. www.fmo.nl
For more information, see: http://www.fmo.nl/investorrelations
