Scania Colombia, Natixis, and Bonus announced the completion of USD 126 million US Private Placements to finance three separate concessions for the supply of clean transportation solutions for TransMilenio, the public transportation authority for the District of Bogota, Colombia. This marks the first time that a USPP issuance is used to finance the supply of buses under the TransMilenio framework. The concessions call for the delivery of 534 gas-fired buses and 167 Euro VI diesel buses to replace the ageing zonal fleet of the TransMilenio system, where more than 25 percent of the fleet was more than 10 years old. These new, cleaner buses will have a fleet average emissions intensity of 50 gCO2 per passenger-km or less.
The bond was issued under the Sustainability Bond Framework, which recognizes the favorable environmental and social impact of the buses for the District of Bogota. The bond met the criteria for certification by the Climate Bond Standard Board on behalf of the Climate Bonds Initiative and received a positive assessment from ISS-ESG on their alignment to the Green Bond Principles, Social Bond Principles and Sustainability Bond Guidelines. Scania is a world-leading provider of transport solutions, including trucks and buses for heavy transport applications combined with an extensive product-related service offering. Scania offers vehicle financing, insurance, and rental services to enable our customers to focus on their core business. Scania is also a leading provider of industrial and marine engines. With 50,000 employees in about 100 countries, its sales and service network are strategically placed where its customers need them, no matter where they operate. Research and development activities are mainly concentrated in Sweden. Production takes place in Europe and Latin America with facilities for global interchange of both components and complete vehicles. In addition, Scania operates regional product centers in Africa, Asia, and Eurasia. Scania is part of TRATON GROUP. Under this umbrella the brands Scania, MAN and Volkswagen Caminhões e Önibus work closely together with the aim to turn TRATON GROUP and its brands into a Global Champion. Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment banking, insurance, and payments. A subsidiary of Groupe BPCE, the second-largest banking group in France through its two retail banking networks, Banque Populaire and Caisse d’Epargne, Natixis counts over 16,000 employees across 36 countries. Its clients include corporations, financial institutions, sovereign and supranational organizations, as well as the customers of Groupe BPCE’s networks.