Swedavia issues green bonds totalling SEK 2 billion
On 9 January, Swedavia carried out an issue of green bonds of SEK 2 billion and repurchased bonds of SEK 822 million under the existing MTN programme. Green bonds are part of Swedavia’s strategy to promote sustainable investments within its operations.
The issue is divided into three tranches, one with a nominal amount of SEK 1 billion with a fixed coupon rate of 3.30 per cent, corresponding to a credit margin of 0.88 per cent, with a tenor of 5.25 years, the other is SEK 400 million with variable interest, 3M Stibor + 0.88 per cent with a tenor of 5.25 years, and the third is SEK 600 million with variable interest, 3M Stibor + 0.55 per cent, with a tenor of 3 years. Interest among investors was high with a well-attended investor presentation and an oversubscribed order book.
“We are pleased to start 2025 with a successful bond transaction. We are extending our capital tie-up period in a positive way and have raised funding for future bond maturities and green investments going forward,” says Kristina Ferenius, Swedavia’s CFO.
Swedavia strives to be an international role model in sustainability. This applies in particular to environmental issues, as climate change is an existential issue for the entire aviation industry. Swedavia is a world leader in the effort to transform its own operations at the airports we operate. Raising funding through green bonds is one way that Swedavia makes this work a priority.
“Swedavia is proud of the work we are doing in sustainable development, and by issuing additional green bonds, we secure funding for investments that contribute to the transition,” says Ferenius.
Swedavia’s Green Bond Impact Report 2024: Swedavia Green Bond Impact Report 2024
For more information, please contact Ellen Laurin, Deputy Head of Strategic Media Communication and Media Relations at Swedavia, at +46 (0)10 109 01 00, ellen.laurin@swedavia.se or press@swedavia.se.
The Swedavia Group owns, operates and is developing 10 airports throughout Sweden. Our role is to create the connectivity Sweden needs to facilitate travel, business and meetings. Safe, satisfied passengers are the foundation of Swedavia’s business. Swedavia is a world leader in developing airports with the least possible environmental impact. Since 2020, Swedavia’s own airport operations have been fossil-free at all ten airports. In 2023, the group had sales of approximately SEK 5.9 billion and has approximately 2,600 employees.