Financial and press releases

INDUS places second ESG-linked promissory note loan

Bergisch Gladbach, 10 January 2022

  • Promissory note loan of EUR 56 million issued
  • Sustainable and diversified financing strategy continues

Stock exchange listed INDUS Holding AG has placed its second ESG-linked promissory note loan. In doing so, INDUS strictly continues its sustainability strategy, which is an integral element of its corporate strategy. Arranged by LBBW, the promissory note loan was issued in tranches with terms of five, seven and ten years and placed with investors from the savings bank sector. In response to high demand, the order book volume was increased by EUR 6 million to EUR 56 million. INDUS had placed its first ESG-linked promissory note loan in the amount of EUR 60 million back in September 2020.

“Promissory note loans have been a key element of our diversified financing strategy since 2014,” says Rudolf Weichert, Chief Financial Officer on the INDUS Board of Management. “The renewed issue of a ESG-linked promissory note loan allows us not only to positively influence our interest rates but also to effectively win investors who specifically focus on sustainable investment criteria.”

The interest on the promissory note loan is linked to INDUS’ ISS ESG sustainability rating. If the sustainability rating improves, interest rates will improve as well – and vice versa. INDUS currently has “Prime“ status and is rated “C+” in “Corporate ESG Performance”, making the company one of the top ten percent in the international peer group of “Financials/Multi-Sector Holdings”.

The funds from the promissory note loan are part of INDUS’ revolving financing. “Sustainable action has been an integral element of INDUS’ business policy for many years,” says Dr. Jörn Großmann, member of the INDUS Board of Management in charge of sustainability. “This now also allows us to use modern ESG-linked financing instruments.”

Data protection is important to us

In order to have the best browsing experience, we recommend that you agree to the use of cookies. Some cookies are essential for the functioning of this website and therefore cannot be deselected. Other cookies help us to personalise content and analyse website traffic. Third-party cookies allow you to access various social media features and receive personalised advertisements.

For more information, click on “Details” or read our privacy policy. You can adjust the settings at any time by clicking on “Cookies” in the bottom left-hand corner.

Imprint    Privacy Policy

Only with the necessary cookies, this website is functional. They enable basic functions such as page navigation. These cookies are played by the website operator and are only transmitted to this page.

Statistics cookies help us as the website operator to understand how users interact with our content and which pages are visited. The information is collected and passed anonymously to our service provider.

Used cookies and their lifespan:

  • Google Analytics: at least 14 months

These cookies are used by service providers to create individualized advertising content for target groups.