Deals & Cases

Homburger advised LafargeHolcim on its issuance of EUR 850,000,000 0.500 per cent. Sustainability-Linked Notes due 2031

On 17 November 2020, Holcim Finance (Luxembourg) S.A. (Holcim Finance) launched, and on 23 November 2020, Holcim Finance successfully completed, the issuance of EUR 850,000,000 0.500 per cent. Sustainability-Linked Notes due 2031 (the Notes). The Notes are guaranteed by LafargeHolcim Ltd, the holding company of the LafargeHolcim group (LafargeHolcim).

The Notes are the first sustainability-linked notes in the building materials industry aligned to the Sustainability-Linked Bond Principles 2020 published by the International Capital Markets Association, with investors entitled to a higher coupon should LafargeHolcim not achieve its sustainability performance target.

The Notes are governed by English law, while the guarantee relating thereto provided by LafargeHolcim Ltd is governed by Swiss law. Application has been made to list the Notes on the official list of the Luxembourg Stock Exchange and to be admitted to trading on the regulated market of the Luxembourg Stock Exchange.

Homburger advised LafargeHolcim with respect to all aspects of Swiss law. The Homburger team was led by partner Daniel Daeniker (Corporate / M&A and Capital Markets) and included partner Stefan Oesterhelt (Tax), counsel Lee Saladino and associate Andrea Ziswiler (both Capital Markets).