By Wendy Van Sickle
Columbus, Ohio, March 15 – UPM-Kymmene Corp. sold €500 million of 0.5% 10-year green bonds, according to a press release.
Citigroup, BNP Paribas, Danske Bank and Nordea were the bookrunners.
Proceeds will be used for financing or refinancing eligible green projects and assets.
Helsinki, Finland-based UPM is a forest industry company that specializes in renewable products across its six businesses: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood.
| Issuer: | UPM-Kymmene Corp.
|
| Issue: | Green bonds
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| Amount: | €500 million
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| Maturity: | March 2031
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| Bookrunners: | Citigroup, BNP Paribas, Danske Bank and Nordea
|
| Coupon: | 0.5%
|
| Announcement date: | March 15
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