Bonava successfully issues its inaugural green bond
Bonava AB (publ) (”Bonava”) has successfully issued its inaugural green senior unsecured bond with a volume of SEK 1 billion. The issue proceeds will be used to refinance outstanding debt in accordance with the green financing framework available on Bonava’s website. The transaction attracted large interests among investors and was oversubscribed.
The tenor of the bond is 3.5 years and the interest 3M Stibor +3.50%. The bonds will be listed on Nasdaq Sustainable Bond List.
- We are very pleased to have been able to attract investor interest from several large institutions that by investing in us show that they believe in Bonava as a strong and leading property developer in northern Europe with a sustainable focus, says Ann-Sofi Danielsson, CFO at Bonava.
Danske Bank has acted as green structuring advisor for the green financing framework and financial advisor in the transaction together with SEB.
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Bonava is a leading residential development company in Northern Europe. Bonava has been creating homes and neighbourhoods since the 1930s. Bonava has 2,300 co-workers and operates in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia and Latvia, with sales of SEK 15.5 billion in 2019. Bonava’s shares are listed on Nasdaq Stockholm.
For more information about us, visit: www.bonava.com