Wallenstam has issued a green bond of SEK 300 million
Wallenstam has yesterday issued a green bond under its green framework and MTN program. The issue consists of SEK 300 million with a maturity of two years and with a fixed interest rate of 0.695 percent. The bond is unsecured.
The bond proceeds will be used for refinancing of environmentally certified properties in Wallenstam’s holdings.
“It feels nice to issue another green bond under our green framework, not least in view of Sweden’s green restart. After a period of low activity in the bond market as a result of the Coronavirus crisis, it feels like it is slowly starting to recover,” says Susann Linde, CFO and Head of IR.
The bond will be listed on Nasdaq Stockholm Sustainable Bonds List. Nordea Bank Abp has acted as issuing agent.
The green framework, among other things, describes what types of projects and assets that can be financed using green bonds. The framework was reviewed by the independent research institute Cicero (Center for International Climate Research) and obtained the highest rating, Dark Green.
More information about Wallenstam’s green bonds is available at www.wallenstam.se/greenbonds.
For further information, please contact:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. +46 31 20 00 00 or +46 705 17 11 34
Wallenstam is a property company that manages, builds and develops properties for sustainable living and enterprise in Stockholm, Gothenburg and Uppsala. The property holding is valued at around SEK 55 billion and the customer base consists of around 10,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.