Triodos Bank Successfully Priced EUR 300 Million of Green Senior Preferred Notes

Triodos Bank N.V. (“Triodos Bank”), a frontrunner in sustainable banking, announces that it has successfully priced EUR 300 million of MREL eligible Green Senior Preferred Notes, the second issuance under its Debt Issuance Programme.

The Notes have a 5-year maturity, an embedded issuer call option after 4 years, and a fixed coupon of 3.875%. Settlement will take place on 3 September 2025, and the notes will be listed on Euronext Amsterdam. The Green Senior Preferred notes are expected to have a Fitch rating of BBB. The book was more than 3 times oversubscribed, the transaction attracted significant interest with more than 100 national and international institutional investors involved.

Senior Preferred Notes

This is the second issuance under Triodos Bank’s EUR 2.5 billion Debt Issuance Programme and qualifies as Green Bonds as set out in Triodos Bank’s Green Bond Framework dated 7 October 2021. The proceeds of the issuance will be used to (re)finance eligible green loans. The target market is MiFID II professionals and Eligible Counterparties only. The issuance of Senior Preferred Notes will enable Triodos Bank to further diversify its funding sources, to expand its investor base, and to implement its funding strategy to achieve its Minimum Requirement for own funds and Eligible Liabilities.

The base prospectus for the programme dated 20 June 2025 is comprised of the registration document and the securities note, as amended from time to time, which are available at: https://www.triodos.com/en/investor-relations/debt-investors. The base prospectus has been approved by the Autoriteit Financiële Markten (AFM, the Dutch Authority for the Financial Markets).

BNP Paribas acted as Global Coordinator and sole arranger. ABN AMRO Bank, BNP Paribas, LBBW and Rabobank acted as Joint Lead Managers of the issue.