SBAB issues Green Bond
On the 4th October 2017, SBAB issued a new Green Bond. The bond is in unsecured format, amounts to SEK 1,750,000,000 and has a maturity of 5 years. The issue was met with substantial demand and was quickly oversubscribed.
- In mid-2016, we became the first bank in Sweden to issue a green bond. That we now return to the market with our second green bond offering shows continuity and points to the fact that this is an important and prioritized area for us. We have a great responsibility and, in turn, great opportunities to promote sustainability efforts and development in the financial and capital markets. Is it of course also satisfying that the issue was met with substantial demand and great interest from the investor collective, with an oversubscribed order book including many high-quality investors, says Fredrik Jönsson, Head of Treasury at SBAB.
About SBAB’s Green Bonds
The funds raised by SBAB through green bonds will exclusively be used to finance or refinance properties that fulfil a number of energy-efficiency criteria or alternatively hold a selectively defined environmental certification.
A framework based on the Green Bond Principles has been prepared and sets out the preconditions for the issuance of green bonds by SBAB and SBAB’s onward lending of these funds. The framework has been examined by an independent climate and environmental research institute, CICERO (Center or International Climate and Environmental Research - Oslo).
The framework is available in full together with an opinion from CICERO at sbab.se.
For further information, please contact:
Karin Hellgren, Head of Public Relations, SBAB
Telephone: +46 (0)706-68 38 24, E-mail: karin.hellgren@sbab.se
Fredrik Jönsson, Head of Treasury, SBAB
Telephone: +46 (0)8-614 38 22, E-mail: fredrik.jonsson@sbab.se
SBAB’s business idea is to apply innovation and consideration to offer loans and savings products to private individuals, tenant-owner associations and property companies in Sweden. SBAB was founded in 1985 and is owned by the Swedish state. SBAB has about 335,000 customers and 500 employees. SBAB had Sweden’s most satisfied residential mortgage customers in 2014, 2015 and 2016, according to Svenskt Kvalitetsindex (SKI, Swedish Quality Index). Read more at sbab.se, twitter.com/sbabbank, facebook.com/sbabbank.
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