Statnett eyes krone-denominated green bonds due five to seven years

By Rebecca Melvin

Concord, N.H., June 4 – Statnett SF announced that it has selected banks for potential issuance of one or more Norwegian krone-denominated green senior bonds with expected maturities of five to seven years.

Danske Bank and Nordea were mandated as joint lead managers to investigate the potential issuance, subject to market conditions, according to a company news release.

The proceeds of the green bonds will be used to finance or refinance projects as defined under the company’s green bond framework.

The company also announced that it had priced NOK 1.5 billion of 7.5-year conventional senior bonds with a 2.085% coupon.

The company is Norway’s state-owned power grid operator.

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