Brambles Prices €850M Green Bond at 4.375% Coupon

Brambles has priced a €850 million Green Bond with a 4.375% coupon, due in 2034, to fund its portfolio of eligible green assets.
By Josua Ferreira -
  • Brambles has priced an €850 million Green Bond with a 4.375% coupon, maturing in 2034.
  • The money will finance or refinance its Eligible Green Assets under its Green Finance Framework.
  • Brambles Finance plc issues the bond, backed by guarantees from Brambles Limited, Brambles Finance Limited and Brambles USA, Inc.
  • The raising follows full-year results showing low debt at 1.17 times earnings and a $400 million US dollar share buy-back.
  • Settlement is expected on 16 November 2026, the only next step in the announcement.
Summarise with AI:

Brambles prices €850 million Green Bond at 4.375% coupon

Brambles Limited, through its subsidiary Brambles Finance plc, announced on 10 November 2026 the pricing and allocation of a €850 million Green Bond under its European Medium-Term Note programme.

  • Amount: €850 million
  • Coupon: 4.375%
  • Maturity: 2034
  • Settlement: expected on 16 November 2026

Brambles Finance plc is the issuer of the Green Bond, guaranteed by Brambles Limited, Brambles Finance Limited and Brambles USA, Inc.

Green Bond Transaction Summary and Corporate Structure

Green use of proceeds and next step

Proceeds from the issue are to be used to “finance and/or refinance its portfolio of Eligible Green Assets” as outlined in its Green Finance Framework. The bond supports Brambles’ circular business model and sustainability agenda.

The issue follows Brambles’ FY26 full-year results, which paired a conservative 1.17x net debt/EBITDA ratio with an S&P upgrade to A- in October 2025 and a US$400m on-market buy-back.

A Second Party Opinion (SPO) covers the framework and its alignment with the International Capital Market Association’s Green Bond Principles and the Loan Market Association’s Green Loan Principles. The framework is available on the Brambles website.

Next step:

  1. Settlement of the Green Bond, expected on 16 November 2026.

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Frequently Asked Questions

What is a Green Bond?

A Green Bond is a loan from investors where the company promises to spend the money on environmental projects or assets. Brambles says its bond will finance or refinance its Eligible Green Assets.

How much is the Brambles Green Bond and what is the interest rate?

The Brambles Green Bond is worth €850 million and pays a fixed coupon of 4.375%. It matures in 2034.

When does the Brambles Green Bond settle?

Settlement is expected on 16 November 2026. The bond was priced and allocated on 10 November 2026.

Who guarantees the Brambles Green Bond?

Brambles Finance plc issues the bond. Brambles Limited, Brambles Finance Limited and Brambles USA, Inc. guarantee it.

What is a Second Party Opinion on a green bond?

It is an outside review of a company's green financing framework. For Brambles, it covers how the framework lines up with international green bond and green loan principles.

Josua Ferreira
By Josua Ferreira
Partnership Director
Josua Ferreira holds a Bachelor of Commerce in Marketing and Advertising and brings a background in publication, business development, and ASX market storytelling. He has worked with listed companies across the resource sector and broader market, combining sharp commercial instincts with a genuine commitment to keeping investors informed.
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