The International Stock Exchange has welcomed WE Soda Investments Holding as the first issuer to be admitted its sustainable finance segment, TISE Sustainable, by virtue of an ESG rating.
WE Soda has listed its debut offering of USD980,000,000 9.5% Senior Secured Notes due 2028 on TISE’s Qualified Investor Bond Market (QIBM) and the issuer has been admitted to TISE Sustainable.
WE Soda is the global leader in the production of natural soda ash – one of the most widely used commodities in the world, for example in the manufacture of glass, soap, paper, PV solar and lithium carbonate for electric vehicle batteries. The Group prides itself as a leader in operating and producing soda ash in the most sustainable manner possible and is committed to operating in an environmentally and socially responsible way.
Anthony Byrne (pictured), Head of Bond Markets at TISE, said: “We are delighted to welcome WE Soda’s debut $980 million bond issuance to listing on our Qualified Investor Bond Market (QIBM) and the admission of the issuer to our sustainable finance segment, TISE Sustainable.
“It is particularly pleasing that it represents the first admission of an issuer based on an ESG rating and in doing so, it demonstrates the continued growth and evolution of our sustainable segment. I would like to sincerely thank all the parties involved for their contribution to this transaction.”