The bonds carry a fixed annual coupon of 5.25% for the first 5.25 years, with a rate reset every 5 years thereafter. They constitute junior subordinated perpetual securities of the issuer. Moody's has assigned these bonds a 50% equity content and a Ba2 rating, two notches below Alstom's Baa3 long-term credit rating.

This inaugural green issuance was several times oversubscribed, reflecting strong demand across various geographies and investor categories, and contributing to a broader diversification of the investor base.

An amount equivalent to the proceeds of the transaction will be allocated to the full financing and refinancing of assets and expenditures described in our European Green Bond Factsheet, available on Alstom's website and reviewed by Moody's, in accordance with the 'EuGB' (European Green Bond) regulation.

The 700 million euro bond maturing in October 2026 is expected to be repaid at maturity.

With this first European green bond issuance, Alstom reaffirms its commitment to maintaining its Investment Grade rating, while pursuing its objective of accelerating the transition to low-carbon mobility and creating sustainable value through its operations and solutions.