UPM issues its fourth Green Bond
(UPM, Helsinki, 21 August 2024 at 18:45 EEST) – UPM has successfully issued a new EUR 600 million Green Bond under its EMTN (Euro Medium Term Note) Programme and Green Finance Framework. The bond matures in August 2034, pays a fixed annual coupon of 3,375% and is expected to be rated BBB+ by S&P Global Ratings. UPM will apply for the bond to be listed on the Irish Stock Exchange plc, trading as Euronext Dublin. BNP Paribas, Danske Bank, J.P. Morgan, OP Corporate Bank and SEB acted as joint bookrunners for the transaction. The net proceeds of the issue will be used to finance and/or