Alstom Raises €700M Through Its First Hybrid Green Bond with a 5.25% Coupon
On Tuesday, Alstom completed its first issuance of hybrid European green bonds for €700M, marking a step in the financing of its ecological transition. This operation is part of the EMTN program of €1.5 billion published on June 3, 2026, by the AMF.
The group issued perpetual super-subordinated bonds with a fixed coupon of 5.25% per annum for the first 5.25 years, with the rate being reset every five years thereafter. Moody's rating assigns these securities a 50% equity content and a Ba2 rating, two notches below the group's long-term Baa3 rating. The operation experienced high demand, leading to multiple oversubscriptions and expanding Alstom's investor base across different geographical areas.
Allocation to Green Assets and Expenditures
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The entire €700M raised will be allocated to the financing and refinancing of assets and expenditures detailed in the European Green Bonds Fact Sheet, a document reviewed by Moody's and available on Alstom's website. This direction confirms the group's commitment to accelerating the transition to low-carbon mobility. A previous loan of €700M maturing in October 2026 is expected to be repaid at maturity.
Preserving the Investment Grade Rating
Alstom reaffirms its intention to preserve its Investment Grade rating while creating sustainable value through its operations and solutions. This hybrid issuance, with last-ranking subordinated terms and an indefinite duration, constitutes an element of the group's financing strategy.
Les informations présentées dans cet article sont fournies à titre purement indicatif et ne constituent en aucun cas une recommandation d'investissement, une incitation à acheter ou vendre un actif financier, ni un conseil en placement. Le lecteur est invité à réaliser ses propres recherches avant toute décision.
Les investissements en bourse comportent des risques, notamment de perte en capital. La performance passée d'un actif ou d'un marché ne présage en rien de ses performances futures. Toute décision d'investissement doit être prise en tenant compte de votre situation financière personnelle, de vos objectifs et de votre tolérance au risque.
