By Marisa Wong
Los Angeles, Nov. 24 – Loomis AB announced it issued SEK 1.2 billion of sustainability-linked bonds due Nov. 30, 2026.
The bonds have a floating interest rate of three-month Stibor plus 135 basis points, according to a press release.
Loomis has linked the bonds to the outcome of a sustainability target to reduce its absolute carbon dioxide emissions with 20% by 2025, compared to the 2019 level.
The bonds will be issued under the company’s recently updated medium-term note program and under its newly established sustainability-linked financial framework published earlier this month.
Nordea structured the sustainability-linked financial framework, and Danske Bank and Nordea jointly acted as bookrunners for the bond issue.
Proceeds will be used for general corporate purposes and to refinance loans.
The bonds will be listed on the Nasdaq Stockholm Sustainable Bond List.
The cash handling company is based in Stockholm.
| Issuer: | Loomis AB
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| Amount: | SEK 1.2 billion
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| Issue: | Sustainability-linked bonds
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| Maturity: | Nov. 30, 2026
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| Bookrunners: | Danske Bank and Nordea
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| Coupon: | Three-month Stibor plus 135 bps
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| Announcement date: | Nov. 24
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| Listing: | Nasdaq Stockholm Sustainable Bond List
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