Wallenstam issues green bonds for SEK 500 million
Wallenstam has issued green bonds under its MTN program and recently launched green framework. The issue consists of SEK 500 million with a maturity of two years and with a variable interest rate of 3M STIBOR + 75 basis points. The bonds are unsecured.
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.
The bond proceeds from this issue will be used for refinancing of Wallenstam’s 66 wind turbines.
“There has been a very strong interest for our green bond, which naturally feels very good. We see sustainability as an important focus area, and I am proud that we have been self-sufficient in renewable energy since 2013. I regard more green financing as something natural and positive for Wallenstam,” says Hans Wallenstam, CEO.
The bonds will be listed on Nasdaq Stockholm Sustainable Bonds List. Svenska Handelsbanken has acted as issuing agent.
The participating investors include Catella Fondförvaltning, Cliens Kapitalförvaltning, Danske Capital, Handelsbanken Fonder, Lannebo Fonder, Simplicity, Storebrand/SPP, Swedbank Robur and Öhman Fonder.
More information about Wallenstam’s green bonds is available at www.wallenstam.se/greenbonds.
For further information:
Susann Linde, CFO and Head of Investor Relations Wallenstam AB (publ) tel. 46 31 20 00 00 or 46 705 17 11 34
www.wallenstam.se
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 47 billion and the customer base consists of around 9,000 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.