Alpha Trains has tapped the US private placement market to successfully complete the world´s first Green Private Placement by a leasing company in the rolling stock sector. Alpha Trains raised EUR 250 million which has been exclusively used to refinance debt associated with the acquisition of 63 modern electric multiple unit train sets equipped with environmental friendly and energy efficient technology which reduces energy consumption within passenger transport.
“We are proud to have obtained the Climate Bond certification for this private placement as the first company in the rolling stock sector worldwide, which is a milestone for both our financing, environmental and social responsibility strategies. This new source of capital widens our lender base and, by providing modern and energy efficient electric rolling stock, we contribute to the achievement of the European Union´s greenhouse gas reduction targets and support the sustainable development goals of creating safe and sustainable cities,” Shaun Mills, Alpha Trains CEO said.
The US Green Private Placement was arranged by Crédit Agricole Corporate & Investment Bank (CACIB), ING Financial Markets LLC (ING) and UBS Investment Bank (UBS) as joint placement agents. CACIB and ING assisted Alpha Trains in developing its Green Private Placement framework aligned with the Green Bond Principles.
Alpha Trains has also gained Climate Bonds Initiative Certification under the Low Carbon Transport Criteria for the green refinancing. Verification was provided by Sustainalytics, a leading global provider of environmental, social and governance research and ratings.
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