By Lisa Kerner
Charlotte, N.C., May 20 – Wallenstam AB announced the issue of a two-year unsecured SEK 400 million green bond.
The bonds have a floating coupon of Stibor plus 95 basis points and will list on Nasdaq Stockholm, according to a news release.
Swedbank’s rating is BBB- on the bond loans.
DNV GL developed a framework for green bonds, based on the Green Bond Principles, to assess Wallenstam’s bonds.
“We are now issuing additional green bonds, where the proceeds from the bonds will be used to refinance wind turbines in our subsidiary Svensk NaturEnergi, which produces renewable energy,” said chief executive officer Hans Wallenstam.
Wallenstam, a Gothenburg, Sweden property company, has been self-sufficient in carbon-free energy from its wind farms and hydro power stations since the beginning of 2013.
| Issuer: | Wallenstam AB
|
| Issue: | Green bond
|
| Amount: | SEK 400 million
|
| Coupon: | Stibor plus 95 bps
|
| Maturity: | May 2018
|
| Issuing bank: | Swedbank
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
