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Philips prices first EU Green Bond at €650 million for circular economy projects

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Sig3.26Sen+3.31Env+3.73Soc+1.46Gov+2.84

Philips priced its first EU Green Bond offering of €650 million under the EU’s European Green Bond (EuGB) standard, aiming to set a “gold standard” to curb greenwashing. Proceeds will fund circular-economy transition projects aligned with the EU Taxonomy, supporting Philips’ 2045 net-zero goal. The 2034 bonds priced at a 4.055% yield and were oversubscribed by 2.7 times.

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