Peab has issued green bonds for 1.5 billion Swedish kronor
Peab has successfully issued green bonds for a total of 1.5 billion Swedish kronor. These funds will finance green investments that contribute to Peab’s efforts to achieve our climate goals.
On August 30, 2021 Peab issued bonds for a total value of 1.5 billion Swedish kronor. The issue is divided as follows: 1 billion Swedish kronor with a maturity of 3 years with a variable interest rate of 3 months Stibor (the Stockholm Interbank Offered Rate) plus 1.05 percentage points and 500 million Swedish kronor with a maturity of 5 years with a variable interest rate of 3 months Stibor plus 1.30 percentage points.
Funds from the issue will be used to finance investments in green and energy efficient buildings, ECO products and a more environmentally adapted production, green transportation and water and waste management.
“We’re very pleased over all the interest in our green bonds. This issue is a further step in our work to transform our business into being climate neutral. It also shows how we strive to make sustainability an integral part of all aspects of our operations,” says Niclas Winkvist, CFO of Peab.
Peab has adopted two sub-targets on the road to achieving our ultimate goal of climate neutrality in 2045. One is to reduce carbon dioxide intensity from our own production 60 percent by 2030 and the other is to reduce carbon dioxide intensity from input goods and purchased services 50 percent by 2030.
The green bonds were issued within the framework of Peab’s Swedish MTN program and the newly instituted framework for green financing. The framework has been audited by the independent company CICERO Shades of Green which has classified it at level “medium green”.
The settlement day is September 6th. The transaction was arranged by Swedbank and SEB.
For further information, please contact:
Niclas Winkvist, CFO Peab, +46 73 384 75 00
Juha Hartomaa, Head of Investor Relations Peab, +46 725 33 31 45
Peab is the Nordic Community Builder with 16,000 employees and net sales of SEK 57 billion. With a local presence and focus on our own resources we develop, do the groundwork and build everyday life where it’s lived. Company headquarters are in Förslöv on Bjäre Peninsula in southern Sweden. The Peab share is listed on Nasdaq Stockholm.
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