Significant Events after the End of the Reporting Period
Covestro issued its first-ever Schuldschein debt instrument on October 7, 2022. The Schuldschein is linked to an environmental, social, governance (ESG) rating. It was issued in tranches comprising fixed and variable interest rates with terms of three, five, and seven years. The issue is denominated in U.S. dollars and euros. The total volume of the Schuldschein amounts to €650 million equivalent. The proceeds from the issue will be used for general corporate purposes.