“As with our previous issue, interest has been significant, which is gratifying and demonstrates the confidence of the capital market in NCC’s financial strength. We have a clear ambition for our sustainability initiatives, and integrating this into our financing strategy is a clear example of what I mean,” says Charlotte Z. Lindstedt, Head of Group Treasury NCC.
The proceeds from the bonds will be used exclusively for financing green projects and initiatives such as sustainable property development projects, transitioning to renewable energy sources in asphalt production, enhancing the efficiency of energy consumption, increased re-use and recycling of material, and protection of biodiversity in quarries.
The green framework for the bonds was updated in June 2022 and has been verified by the Center for International Climate and Environmental Research (CICERO), an independent research center associated with the University of Oslo, Norway. The green framework has been classified as “medium green.”
SEB and Handelsbanken were the lead managers for the transaction, and SEB served as advisor in the process of updating the green framework.