nextbike issues third green bond with SDG INVESTMENTS
nextbike, Europe's leading supplier of bike-sharing systems, in cooperation with SDG INVESTMENTS GmbH, is starting the subscription period for its third sustainability bond. The bond with a maturity of five years will be issued with a volume of EUR 20 million and a coupon of 6.0 %. The planned issue date is March 31, 2020. We are responsible for the structuring and marketing of the bond, which can be subscribed with us as of now. Please feel free to contact us: info@sdg-investments.com.
With its business model in the field of sustainable mobility, nextbike contributes to several Sustainable Development Goals (SDG) of the United Nations. The independent sustainability rating agency imug has reviewed and confirmed the following SDG for nextbike:
- SDG 3: Good health and well-being
- SDG 8: Decent work and economic growth
- SDG 11: Sustainable cities and communities
- SDG 13: Climate action
nextbike has 70,000 bikes in use worldwide and is represented in 23 countries. The issue proceeds will be used to finance the issuer's further growth. The operator model of nextbike is characterized by stable cash flows; for the next five years there are already contract volumes of EUR 50 million from operator fees and licenses. Due to the corona pandemic, the Berlin Senate has decided to offer bicycle rides with nextbike free of charge for the first 30 minutes since Tuesday, March 17, in order to further minimise the use of local public transport and thus the risk of infection. This is financed from the current operator contract with nextbike.
Our managing director Frank Ackermann: "We are pleased to support nextbike for the third time with a bond issue. The company is already positioned excellently in a promising market and is continuously expanding its position. Investors will be particularly interested in the collateralization of the bond and its orientation towards the Sustainable Development Goals of the United Nations. The pressure on investors to allocate capital to sustainable investments is enormous. With our SDG INVESTMENTS® platform, we are helping to bring together both sides of the market - capital-seeking companies and professional investors looking for investment products."