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Published on 1/19/2023 in the Prospect News Green Finance Daily.

New Issue: Lansforsakringar Bank sells €500 million of 4% green notes due 2027

Chicago, Jan. 19 – Lansforsakringar Bank AB sold €500 million of 4% green senior preferred notes due 2027 (A1/A), according to a term sheet.

The notes priced at 99.678 to yield 4.089%.

UBS Europe, SE, Commerzbank, Danske Bank, HSBC Continental Europe and NatWest Markets NV are the bookrunners. UBS Europe SE, DekaBank Deutsche Girozentrale, Landesbank Hessen-Thuringen Girozentrale and Norddeutsche Landesbank – Girozentrale were also bookrunners.

Proceeds will be used to finance or refinance green loans.

The issuer is the fifth largest Swedish bank and is based in Stockholm.

Issuer:Lansforsakringar Bank AB
Amount:€500 million
Issue:Green senior preferred notes
Maturity:2027
Bookrunners:UBS Europe, SE, Commerzbank, Danske Bank, HSBC, NatWest Markets, UBS Europe SE, DekaBank Deutsche Girozentrale, Landesbank Hessen-Thuringen Girozentrale and Norddeutsche Landesbank – Girozentrale
Coupon:4%
Price:99.678
Yield:4.089%
Trade date:Jan. 16
Settlement date:Jan. 18
Ratings:Moody’s: A1
S&P: A
Distribution:Regulation S
ISIN:XS2577054716

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