Electrolux issues SEK 1 billion Green Bond
Electrolux is issuing the first bond loan within its green bond framework, raising SEK 1 billion to fund investments and other projects with environmental benefits.
The bond is being issued under Electrolux existing EMTN (Euro Medium Term Note) program and the recently launched Electrolux Green Bond Framework. The funds raised will be used for financing or refinancing of eligible “green assets” as defined in the framework.
The total principal amount of the bond is SEK 1 billion and the issue date for the bond loan will be March 27, 2019, with a maturity on March 27, 2024. The loan has a fixed rate and carries a coupon of 1.103% annually.
The bond will be listed on the Luxembourg Stock Exchange.
For further information, contact Electrolux Press Hotline, +46 8 657 65 07.
This is information that AB Electrolux is obliged to make public pursuant to the Securities Market Act. The information was submitted for publication at 08.00 CET on March 25, 2019.
Electrolux shapes living for the better by reinventing taste, care and wellbeing experiences, making life more enjoyable and sustainable for millions of people. As a leading global appliance company, we place the consumer at the heart of everything we do. Through our brands, including Electrolux, AEG and Frigidaire, we sell more than 60 million household and professional products in more than 150 markets every year. In 2018 Electrolux had sales of SEK 124 billion and employed 54,000 people around the world. For more information go to www.electroluxgroup.com.