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    PROX   BE0003810273

PROXIMUS SA

(PROX)
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Real-time Quote. Real-time Euronext Bruxelles - 01/27 11:35:29 am
18.465 EUR   +3.19%
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Proximus successfully issues its first EUR 750 million Green Bond

11/10/2021 | 12:39pm EST

As part of its #inspire2022 corporate strategy, Proximus is playing a leading role in Belgium's green transition by aiming to become truly circular by 2030 and be net zero by 2040. Both the Fiber and 5G networks are more energy efficient and will be partly financed by the proceeds of this green bond.

In order to match its funding policy with its mission, sustainability strategy and targets, Proximus signed a sustainable revolving credit facility in October 2020 and established a Sustainable Finance Framework in May 2021.

The proceeds raised within this framework are used for financing projects with a positive effect on energy efficiency, renewable energy, clean transportation, green buildings, circular economy and social & digital inclusion. The green bond announced today is the first step in issuing green, social and sustainable finance instruments under this Framework.

Proximus' Sustainable Finance Framework was reviewed and approved by Sustainalytics, a leading independent ESG research firm. Sustainalytics opined that the Proximus Sustainable Finance Framework is robust, transparent and in alignment with the four core components of the ICMA and LMA Green and Social Principles.

This transaction resulted in a fixed rate coupon of 0.75% per annum. The issuance was very well received with an order book in excess of EUR 4 billion (more than 5 times oversubscribed) and was placed with more than 160 European institutional investors of which a vast majority are green investors. This 15 year tenor, maturing 17 November 2036, will enable Proximus to increase its average debt maturity from 4.2 years to more than 8 years.

The proceeds will be used for general corporate purposes, including refinancing of existing debt, especially the EUR 500 million institutional bond maturing in March 2022.

Disclaimer

Proximus SA published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 17:38:10 UTC.


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Financials
Sales 2021 5 523 M 6 154 M 6 154 M
Net income 2021 493 M 550 M 550 M
Net Debt 2021 2 824 M 3 147 M 3 147 M
P/E ratio 2021 12,1x
Yield 2021 6,50%
Capitalization 5 958 M 6 645 M 6 640 M
EV / Sales 2021 1,59x
EV / Sales 2022 1,62x
Nbr of Employees 11 484
Free-Float 42,0%
Chart PROXIMUS SA
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Technical analysis trends PROXIMUS SA
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TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
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Mean consensus HOLD
Number of Analysts 18
Last Close Price 18,47 €
Average target price 18,78 €
Spread / Average Target 1,72%
EPS Revisions
Managers and Directors
Guillaume Boutin Chief Executive Officer
Mark Reid Chief Financial Officer
Stefaan de Clerck Chairman
Geert Norbert Rene Standaert Chief Technology Officer
Antonietta Mastroianni Chief Digital & Information Technology Officer
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