The International Stock Exchange's (TISE) sustainable market segment, launched in July, is demonstrating its value with the announcement of two listed green bonds which are helping to finance the decarbonisation of telecommunications company VMED O2 UK (VMED O2).
The two bonds have been listed on TISE's Qualified Investor Bond Market (QIBM) and admitted to TISE Sustainable, which was launched by the Guernsey-headquartered exchange in July.
TISE Head of Bond Markets Anthony Byrne said the listings were a great accolade for both the QIBM and TISE Sustainable.
"I am delighted to welcome these green bonds to listing on TISE," he said. "It is a pleasure to play a role in supporting such a recognisable and respected telecommunications company, not just with its financing arrangements but also its sustainability strategy, including decarbonisation."
The company has developed the VMED O2 Green Bond Framework, which is aligned with the Green Bond Principles 2021, as administered by the International Capital Market Association (ICMA), and under which it is issuing green bonds and using the proceeds to finance and/or refinance projects that are expected to contribute to the decarbonisation of VMED O2's operations and underpin the UK's digital revolution.
Ogier Corporate Finance acted as TISE Listing Agent for the issuer and its wider group in respect of many TISE listings, including the $1,400,000,000 4.75% Senior Secured Notes due 2031 and £675,000,000 4.5% Senior Secured Notes due 2031 which have been listed on TISE Sustainable.
Raulin Amy, Director of Ogier Corporate Finance Limited, said: "Ogier Corporate Finance Limited continues to see significant interest from issuers who wish to list bonds on TISE.
For more information about Guernsey's finance industry please visit www.weareguernsey.com.
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