Royal Philips priced a €650 million fixed-rate note due 2034 under its EMTN program, marking the healthcare sector’s first EU Green Bond under the new European Green Bond Standard, with a 4.0% coupon, 99.655% price, and 4.055% yield, oversubscribed 2.7 times. Settlement is set for August 28, 2026, and proceeds will fund taxonomy-aligned green activities while gross debt will rise temporarily until the 2027 bond is repaid; the issue is not expected to increase net debt, and the company aims to maintain its investment-grade rating.