Lantmännen is growing through green financing
Lantmännen is financing the transition to a more sustainable agricultural and food industry with the help of a new green framework and a new green bond of SEK 1 billion.
Lantmännen plays a central role in Swedish food production and in the transition to more carbon dioxide-efficient and sustainable agricultural and food industry. To finance initiatives with clear sustainability benefits, a new green framework has been created and a new green bond has been issued. The framework has been reviewed by a third party, Cicero Shades of Green, to ensure that it complies with international principles for sustainable financing.
“Sustainability is deeply rooted in Lantmännen’s DNA, and we have the ambition to integrate a green perspective into everything we do. We have reduced our climate impact since 2009, and have set up ambitious goals for sustainability efforts in the years to come – both for our own production and for Swedish agriculture. With our new green framework and the green bond, we can mobilize the capital we need to drive this agenda. Our strong sustainability profile and the green bond gives us the market’s very best conditions,” says Christian Johansson, CFO at Lantmännen.
The new bond was issued on April 20, and exceeded expectations: the order book quickly grew to SEK 3.3 billion, an oversubscription of more than three times. Closures were made at a volume of SEK 1 billion with a term of five years, the issue was divided into 150 MSEK fixed annual interest 1.115%, price 100,000% and 850 MSEK variable interest 3 m Stibor +0.78%, price 100,000%. Leading banks in the bond issue were Danske Bank and SEB.
For more information, please contact:
Christian Johansson, Lantmännen CFO
Phone: +46 705 37 12 27
Email: christian.johansson@lantmannen.com
Lantmännen’s press department
Phone: +46 10 556 88 00
Email: press@lantmannen.com
About Lantmännen
Lantmännen is an agricultural cooperative and Northern Europe’s leader in agriculture, machinery, bioenergy and food products. Owned by 19,000 Swedish farmers, we have 10,000 employees, operations in over 20 countries and an annual turnover of SEK 45 billion. With grain at the heart of our operations, we refine arable land resources to make farming thrive. Some of our best-known food brands are AXA, Bonjour, Kungsörnen, GoGreen, Gooh, FINN CRISP, Schulstad and Vaasan. Our company is founded on the knowledge and values acquired through generations of farmers. With research, development and operations throughout the value chain, together we take responsibility from field to fork. For more information: www.lantmannen.com
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