Super Global launches $340 million Green Bond for Clean Vision
Luxembourg/Munich, 26 October 2023 – Super Global is launching a $340 million Green Bond for Nasdaq-listed Clean Vision Corporation, a company focused on technology solutions that drive the global clean economy. Thus, the Luxembourg- and Munich-based AIFM and securitisation specialist strengthens its position as the market leader in the issuance of ESG-compliant structures.
Daniel Knoblach, board member of Super Global Services SA, states, “We are currently experiencing a huge demand for green bonds, especially from the institutional sector. There is a demand surplus, and the issuance of new vehicles is barely keeping up.” The Green Bond is issued according to the standards of the International Capital Market Association (ICMA) and its Green Bond Principles, and is audited by ISS Corporate Solutions, an industry-leading provider of second-party opinions. The annual Green Bond Reporting is also audited and reviewed independently. “We thus exceed the market standard and ensure strong institutional investor acceptance”, affirms Knoblach.
Clean Vision will utilise the Green Bond proceeds to expand the Plastic Conversion Network (PCN), a technology for recycling plastic. This patented system is intended to combat plastic waste on land and in the oceans. Through pyrolysis, it converts the polymers collected there into green fuel and green hydrogen. Both are sold to multinational petrochemical firms, fuelling the plastics circular economy.
Given that it is being issued as an insolvency-protected and segregated compartment, the Green Bond and its investors will benefit from the well-established Luxembourg securitisation law. Additionally, the Green Bond is assigned an ISIN, is annually audited, and is eligible for custody and clearing.