Wallenstam’s SEK 400 million floating-rate green bonds to begin trading

By Lisa Kerner

Charlotte, N.C., June 21 – Wallenstam AB expects its SEK 400 million of two-year green bonds to begin trading on the Corporate Bond list at Nasdaq Stockholm around Monday, according to a news release.

As previously reported, Wallenstam issued the bonds on May 20.

The bonds have a floating coupon of Stibor plus 95 basis points and mature in May 2018.

Proceeds will be used to refinance wind turbines of subsidiary Svensk NaturEnergi, which produces electricity through wind power.

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.

© 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.