UPM issues its first green bond
(UPM, Helsinki, 13 November 2020 at 09:00 EET) – UPM issues a EUR 750 million Green Bond under its EMTN (Euro Medium Term Note) programme established on 5 November 2020. The bond matures in November 2028 and pays a fixed coupon of 0.125%. The net proceeds from the bond will be used for financing and/or refinancing of Eligible Projects and Assets under UPM’s Green Finance Framework, also established in November 2020. UPM will apply for the bond to be listed on the Irish Stock Exchange plc, trading as Euronext Dublin. Citigroup, BNP Paribas, JP Morgan and Nordea acted as joint lead