UPM issues its third green bond
(UPM, Helsinki, 16 May 2022 at 18:15 EEST) – UPM has successfully issued a new EUR 500 million green bond under its EMTN (Euro Medium Term Note) programme and its Green Finance Framework. The bond matures in May 2029 and pays a fixed coupon of 2.25%. UPM will apply for the bond to be listed on the Irish Stock Exchange plc, trading as Euronext Dublin. Citigroup, Commerzbank, Crédit Agricole CIB, Nordea and Swedbank acted as Joint Bookrunners for the transaction. The net proceeds from the bond will be used for financing and/or refinancing of Eligible Projects and Assets under UPM’s