KBRA said the development, weighting, and ranking of the key factors in ESG scores are endeavors best left to investors rather than to rating agency credit analysts.
Feb 4, 2021
Madrid: Telefónica today successfully closed its first sustainable perpetual hybrid bond issue, amounting to 1bn euros, and the first in the global telecom sector as well. The company also announced a hybrid bond tender offer, which begins today and is scheduled to close on 15 February. With both transactions, Telefónica continues to proactively manage its hybrid capital base.
The sustainable hybrid issuance was well received by institutional investors, with a participation of more than 500, with demand exceeding €7bn. The hybrid has a 8.25 years reset date and its coupon reached
2.376%, the lowest hybrid coupon in the history of Telefónica.
17.01.2021
Andritz: International technology Group Andritz has received an order from thyssenkrupp rothe erde (Xuzhou) Ring Mill Co., Ltd., to supply eight chamber forging furnaces for their plant in Xuzhou, China. Start-up is scheduled for the first quarter of 2022. The scope of supply includes engineering, manufacturing, electrical equipment and automation software, as well as erection work and start-up. The equipment supplied by Andritz features advanced technology, including low NOx burners that will minimize emissions and fuel consumption. The new production line is a major investment project by thyssenkrupp rothe erde in China and the third furnace order that they have awarded to Andritz. Once commissioned, the furnaces will significantly increase the annual capacity of the mill and enhance thyssenkrupp rothe erde’s global competitiveness. thyssenkrupp rothe erde is the global market leader for slewing bearings and one of the leading manufacturers of slewing bearings and