The bond proceeds will be used for refinancing of environmentally certified properties in Wallenstam’s holdings.
“It feels nice to issue another green bond under our green framework, not least in view of Sweden’s green restart. After a period of low activity in the bond market as a result of the Coronavirus crisis, it feels like it is slowly starting to recover,” says Susann Linde, CFO and Head of IR.
The bond will be listed on Nasdaq Stockholm Sustainable Bonds List. Nordea Bank Abp has acted as issuing agent.
The green framework, among other things, describes what types of projects and assets that can be financed using green bonds. The framework was reviewed by the independent research institute Cicero (Center for International Climate Research) and obtained the highest rating, Dark Green.