Philips prices EUR 650 million EU green bond offering
PHG•EU green bond priced under EMTN program
Philips priced a EUR 650 million EU green bond via fixed-rate notes due 2034 under its EMTN program.
- Issue price set at 99.66% with a 4% coupon, implying a 4.06% yield.
- The deal drew 2.7 times subscription for the 7.8-year tranche.
- Proceeds are earmarked for taxonomy-aligned activities; net debt is expected to remain unchanged pending repayment of a May 2027 maturity.
