Philips prices EU green bond for EUR 650M
August 24, 2026 Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced the successful pricing of its offering of EUR 650 million fixed rate notes due 2034 (the “Notes”) under its European Medium Term Note (EMTN) program. The Notes are the healthcare industry’s first EU Green […]
Royal Philips has successfully priced a €650 million green bond under the new European Green Bond Standard. The issue, set at 99.655% with a 4.0% coupon, resulted in a yield of 4.055% and saw an oversubscription of 2.7 times. The proceeds will be utilized to finance activities aligned with the company's 2030 Impact Ambition. The bond, not expected to increase net debt, will be repaid until the maturity of Philips' 2027 bond in May 2027.
Philips maintains strong credit ratings from S&P, Moody's, and Fitch, and generates approximately €18 billion in sales annually with operations in over 100 countries.
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