ICA Gruppen issues green bonds
ICA Gruppen has successfully completed a green bond issue of SEK 3.5 billion under the company’s Swedish MTN programme.The issue saw strong demand and was more than 1.5 times oversubscribed. The bonds of SEK 1.25 billion and SEK 2.25 billion were issued with tenors of 3 and 5 years respectively, both tenors with fixed and floating rate tranches. This represents ICA Gruppen’s first green bond issue, following the company's recently established Green Finance Framework, developed to align with the ICMA Green Bond Principles. CICERO Shades of Green, now part of S&P Global, has provided a