Koninklijke Philips NVPHIA
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Philips priced a EUR 650 million green bond, a financing event that strengthens its capital position.
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Koninklijke Philips NVRoyal Philips has priced an offering of EUR 650 million fixed rate notes due 2034 under its European Medium Term Note program. The notes are the healthcare industry's first EU Green Bond under the new European Green Bond Standard. The issue price is 99.655% with a coupon of 4.0%, yielding 4.055%, and the 7.8 year tranche was oversubscribed by 2.7 times. Proceeds will finance taxonomy-aligned economic activities supporting Philips' 2030 Impact Ambition. Settlement is scheduled for August 28, 2026, with listing on the Luxembourg Stock Exchange.
Koninklijke Philips NVPhilips priced a EUR 650 million green bond, a financing event that strengthens its capital position.