美的生活电器,美的发行国内同行业首笔绿色债券 创最低发行息差记录
美的发行国内同行业首笔绿色债券 创最低发行息差记录
2022年2月16日，美的集团股份有限公司（000333.SZ）成功发行4.5亿美元5年期高级无抵押绿色债券，最终发行定价T+98基点，创下同评级同期限同行业境外美元债历史最低发行息差记录。
美的集团绿色债券推出后受到市场的广泛关注，国际绿色和高质量投资者踊跃参与公司首日路演，投资者对公司科技驱动、多品类和全球运营的发展前景和信用质量抱以乐观预期。公司在首日完成路演后便收集到众多投资者的意向性订单，在2月16日晨间宣布进行簿记建档后，订单高峰期达到24亿美元，为原发行规模的8倍。因投资者反应热烈，最终公司扩大发行规模并定价T+98基点。
本次发行为国内同行业第一笔绿色债券发行，发行价格达到了同评级民营企业、同期限美元债最低发行息差，吸引了来自亚洲和欧非中东地区的央行、资产管理公司、银行及私人银行等各类投资者踊跃参与，可持续发展类投资者也对本次发行反应热烈，最终绿色和ESG投资者在本次发行中的认购占比达到20%。
美的集团公告显示，本次债券的募集资金在扣除发行费用后，将根据债券种类对应的资金用途和方式使用，包括但不限于公司产品绿色设计和绿色制造相关项目，如环保高能效产品的设计和开发，生产制造设备的低碳节能升级以及能源结构的绿色升级，提高可再生能源采购量等。
美的集团积极贯彻落实国家“双碳”战略目标，践行绿色发展理念，通过科学技术创新实现产品的绿色低碳转型，通过设备升级、精益生产实现制造过程的节能减排。本次绿色债券是美的集团为配合公司绿色战略而首次选用的绿色融资工具，彰显了公司的企业社会责任和绿色发展的承诺。
2021年10月，美的集团绿色战略首次对外发布。该绿色战略以“构建绿色全球供应链，提供绿色产品和服务，共建绿色美好家园”为愿景，推动美的集团在2030年前实现碳达峰，2060年前实现碳中和，并围绕“绿色设计、绿色采购、绿色制造、绿色物流、绿色回收、绿色服务”六大支柱打造全流程绿色产业链，为中国乃至全球的“碳达峰、碳中和”做出贡献。
Midea Issues the First Green Bond,
Setting a “Record Low Issue Margin”
for Domestic Chinese Industries
On February 16, 2022, Midea Group Co., Ltd. (“Midea”, stock code: 000333.SZ) completed USD 450 million 5-year unsecured green bonds, issued at T+98 base points, setting a record of the lowest issuance margin for international U.S. dollar bonds with the same rating with similar levels of maturity across the industry.
The launch of Midea’s green bonds has drawn widespread attention from investors across the market. International high-level green investors joined Midea’s roadshow launch event, enthused by Midea’s technology-driven, multi-industry, global operations and credit quality growth. Midea hadreceived multiple intentionalorders by the end of the roadshow’s first day. After the public filing was announcedon the morning of February 16, orders peaked at USD 2.4 billion, eight times the original offering size. Due to the overwhelming response from investors, Midea eventually expanded the offering and priced it at T+98 basis points.
This is the first green bond issuance in the domestic industry in China. The issue price has achieved the lowest issue margin compared to private enterprises with similar ratings and maturity. It attracted a diverse set of investors from central banks, asset management companies, banks, and private banks from as wide as Asia, Europe, Africa, and the Middle East. It has also been warmly received by sustainable development investors with Green and ESG investors accounting for about 20% of the bonds issued.
According to Midea's announcement, the funds raised will be used to fund various green projects, including Midea’s green design and green manufacturing, such as producing environmentally friendly and energy-efficient products, its’ low-carbon strategy, upgrading energy-saving of manufacturing equipment, green upgrading of energy infrastructure, and increasing renewable energy procurement.
Midea has actively implemented national "Carbon Peak and Carbon Neutrality" strategic goals and pursued green development. It aims to enable green and low-carbon transformation of products through technological innovations and to realize energy conservation and emission reduction of manufacturing processes by upgrading equipment and lean production. The green bond is the first green financing tool that Mideaadopted to support its green strategy, demonstrating Midea's commitment to corporate social responsibility and green development.
Midea's green strategy was officially unveiled in October 2021. Based on the mission of "Building a Greener Global Supply Chain, providing Green Products and Services, and jointly building a Green Planet", the green strategy requires Midea to reach its target of peaking carbon emission by 2030 and achieving carbon neutrality by 2060, which will be achieved through six pillars of "green design, green procurement, green manufacturing, green logistics, green recycling, and green service". Midea intends to make significant contributions to the world's "Carbon Peak and Carbon Neutrality" goals.
