Voestalpine has successfully issued its first green corporate bond, raising €500 million to finance sustainable projects such as greentec steel. This landmark bond, which has a term of five years and a coupon of 3.75%, met with high investor demand.

The proceeds will be used to support the company’s transition to greener steel production methods, including the shift from traditional blast furnace routes to electric arc technology using green electricity.

This initiative is part of Voestalpine’s broader commitment to reducing emissions and enhancing sustainability in the steel industry. The bond is set to start trading on the Vienna Stock Exchange on October 3, 2024.