By Lisa Kerner
Charlotte, N.C., Feb. 26 – Sveaskog AB announced the issuance of five-year green bonds in two tranches, a SEK 700 million fixed-rate bond with a 1.49% coupon and a SEK 300 million floating-rate bond a coupon of Stibor plus 120 basis points, according to the company.
Proceeds will be used for activities that provide “clear environmental benefits,” said DNV GL AS, which provided an opinion to the company.
The lead manager is DNB Bank ASA.
Sveaskog is a forest company based in Solna, Sweden.
| Issuer: | Sveaskog AB
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| Issue: | Green bonds
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| Amount: | SEK 1 billion
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| Lead Manager: | DNB Bank ASA
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| Pricing date: | Feb. 22
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| Settlement: | March 1
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| Fixed-rate bonds
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| Amount: | SEK 700 million
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| Maturity: | March 1, 2021
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| Coupon: | 1.49%
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| Floating-rate bonds
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| Amount: | SEK 300 million
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| Maturity: | March 1, 2021
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| Coupon: | Stibor plus 120 bps
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