Redivium Limited (ASX:RIL) Announces EUR 25 Million Green Bond Issuance
Green Bond Issuance
Redivium Limited has successfully completed all formalities to list EUR 25 million (AUD ~40.76 million) in green debenture bonds through its wholly-owned Irish subsidiary, Redivium Europe Limited.
Use of Proceeds
The funds will accelerate the development of Redivium’s UK battery recycling facility to deliver ESG-compliant urban mining solutions in Europe, progress projects in the United Kingdom, Czech Republic, and Romania, and enhance operational capacity aligned with the circular economy.
Bond Details
The green bonds have an ISIN of CH1213604296, with an issue date of 28 February 2025 and a maturity of eight years (2033). They offer a 10% per annum coupon rate, payable semi-annually, with the first payment on 28 February 2026. The issue price is 100% of face value, with a minimum subscription of EUR 50,000 and a minimum listing cover of EUR 1,000,000. The bonds are secured by a pledge of shares in Redivium Europe Limited.
Distribution
Germany’s 624 InvestServices AG serves as the lead placing agent. The company holds a non-binding Letter of Intent with WMC Energy BV for a potential subscription of up to EUR 2 million in the bonds.
Strategic Rationale
This issuance seems to underscore Redivium’s commitment to driving the energy transition through sustainable recycling solutions. The UK facility will address Europe’s growing demand for recycled battery materials, supporting regulatory frameworks and green investment objectives.
Executive Comments
Michael O’Leary-Collins, Executive Director of Redivium, stated, “We are delighted with support for our inaugural green bond issuance from our various partners. A successful listing of this instrument will aid the Company to take meaningful steps together with its project partners aimed at establishing Redivium as a leading battery materials producer in Europe’s battery recycling market while demonstrating our commitment to sustainable development and innovation in urban mining.”
Motley Fool contributor Matt Burgess has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
This article was generated using GPT-4o mini, a Large Language Model (LLM), to generate summaries of investing news. While AI is generating the content, we know better than to blindly trust our future robot overlords, and every article is edited and fact-checked by an editor holding the appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content of everything published by The Capital Club.