SSAB issues Sustainability-Linked bond amounting to SEK 2,000 million
SSAB AB has successfully issued a five-year senior unsecured sustainability-linked bond in the amount of SEK 2,000 million under its EUR 2bn EMTN programme, dated 2 June 2021. The new bond is due in June 2026 and carries a coupon of 3m Stibor + 185bps. The transaction generated strong interest from investors and the issue was oversubscribed. The proceeds will be used for general corporate purposes.Sustainability-linked bonds are bonds tied to the performance of defined sustainability targets. SSAB intends to become the First in fossil-free steel and has tied the bond to SSAB’s newly