SCA has issued green bonds amounting to SEK 1.5 billion
On June 14, Svenska Cellulosa Aktiebolaget SCA (publ) (”SCA”) issued green bonds totalling SEK 1.5 billion under its MTN-Programme and the recently established Green Bond Framework.There was considerable investor interest and the order book exceeded SEK 3 bn. Investors from four countries placed more than 30 individual orders, a wider range than previous for SCA’s bonds with longer maturities. The total amount of SEK 1.5 billion was split between following tranches: · SEK 1.1 billion with a maturity of 7 years with floating interest rate of Stibor 3 month plus 0.90 percent. · SEK