S&C Advises Royal Philips in Inaugural €750 million Green Bond Offering

June 13, 2019

S&C client Royal Philips, a global leader in health technology, issued €750 million 0.500% Green Innovation Bonds due 2026, the first bond issued under the Philips Green & Sustainability Innovation Bond Framework. This issuance contributes to Philips comprehensive sustainability strategy that includes its products, solutions and business models, energy consumption, supply chains and financial instruments. The bonds are listed on the Luxembourg Stock Exchange and displayed on the Luxembourg Green Exchange. The London-based team advising Philips included S&C partners John O'Connor and Vanessa Blackmore.