UPM has applied for the listing of its fourth Green Bond to Euronext Dublin
UPM-Kymmene Corporation Stock Exchange Release (Other information disclosed according to the rules of the Exchange) 29 August 2024 at 15:30 EEST
UPM has applied for the listing of its fourth Green Bond to Euronext Dublin
UPM-Kymmene Corporation has today applied for listing of a EUR 600 million Green Bond under its Euro Medium Term Note (EMTN) programme to Irish Stock Exchange plc, trading as Euronext Dublin.
The bond matures in August 2034 and pays a fixed annual coupon of 3.375% and is rated BBB+ by S&P Global Ratings.
The net proceeds of the issue will be used to finance and/or refinance Eligible Projects and Assets under UPM's updated Green Finance Framework from November 2023.
The EMTN Base Prospectus, the Supplement to the EMTN Base Prospectus, the Green Finance Framework and the Final Terms are available on UPM’s website at www.upm.com/investors/upm-as-an-investment/debt/.
For further information please contact:
Kenneth Råman, SVP, Treasury and Risk Management, UPM, tel. +358 400 477 287
UPM, Media Relations
Mon-Fri 9:00–16:00 EEST
tel. +358 40 588 3284
media@upm.com
UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 16,600 people worldwide and our annual sales are approximately EUR 10.5 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com
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