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The International Stock Exchange (TISE) has welcomed its first issuer to its sustainable arm, TISE Sustainable.
WE Soda is a producer of natural soda ash, which is used in the manufacture of soap and glass among other commodities.
The Group says it prides itself in producing soda ash in the most sustainable manner possible. It has listed its debut offering on TISE's Qualified Investor Bond Market and has been admitted to TISE Sustainable.
“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," said Head of Bond Markets at TISE, Anthony Byrne.
"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.”
Pictured top: Mr Byrne.
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