Sdiptech sets investor meetings ahead of sustainability-linked bonds

By Marisa Wong

Los Angeles, Aug. 17 – Sdiptech AB announced it has mandated Nordea as global coordinator and joint bookrunner and Carnegie Investment Bank as joint bookrunner to arrange credit investor meetings beginning on Aug. 21 to explore the possibility of a sustainability-linked bond issuance.

The SEK-denominated floating-rate senior secured sustainability-linked bonds have an expected tenor of four years.

A capital markets transaction with an expected volume of SEK 500 million within a framework of SEK 1 billion will follow, subject to market conditions.

Proceeds of the contemplated bond issue will be used for general corporate purposes including acquisitions and investment in companies.

The bond will not reduce or replace any part of the company’s existing credit facilities, although the proceeds will in the short term be used for repayment of existing debt incurred under those facilities.

Sdiptech has published a sustainability-linked finance framework dated March 2022 for issuing sustainability-linked securities, including bonds and loans. The company’s existing bank financing is already provided under the sustainability-linked finance framework.

The target selected for the sustainability-linked finance framework relates to the company’s ambition to reduce greenhouse gas emission intensity, i.e., in total a 50% by 2026 compared to 2021 (scope 1 and 2).

Sdiptech is a Stockholm-based technology group that acquires and develops market-leading niche operations that contribute to creating more sustainable, efficient and safe societies.

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