ICA Gruppen issues green bonds
ICA Gruppen has successfully completed the second green bond issue of SEK 2 billion under the company’s Swedish MTN programme.The issue saw strong demand and the order book almost reached SEK 2.9 billion. The bonds of SEK 500 million and SEK 1.5 billion were issued with tenors of 3 and 5.5 years respectively, both tenors with floating rate tranches and the longer tenor also with a fixed rate tranche. This is ICA Gruppen’s second green bond issue under the established Green Finance Framework, developed to align with the ICMA Green Bond Principles. CICERO Shades of Green, now part of S&P