2 May 2024
TDC NET Issues €500 Million Sustainability-Linked Notes
Bruun & Hjejle has advised TDC NET on the issuance of EUR 500 million sustainability-linked notes under its EMTN Programme listed on the Luxembourg Stock Exchange.
The issuance was well received by investors, being more than 3x over-subscribed.
The sustainability-linked notes were issued in accordance with TDC NET’s Sustainability-Linked Finance Framework relating to TDC NET’s ambitious sustainability strategy and targets.
TDC NET’s EMTN Programme is linked to TDC NET’s secured infrastructure financing platform which was put in place in 2022. It is a landmark transaction in the Danish market, being the first whole business securitisation (WBS) for a Danish company. Partner Anne Cathrine (AC) Ingerslev has together with Henrik Hjortshøj-Nielsen, Head of Treasury and Investor Relations at TDC NET, written an article concerning the financing of Danish infrastructure with structured funding platforms published in Finans/Invest, 2 April 2024. The article provides an overview of the structuring of TDC NET’s financing platform and the potential opportunities for other Danish companies to apply structured funding models for financing of infrastructure.
For a copy of the article, please reach out at ac@bruunhjejle.dk and dsal@bruunhjejle.dk.