Wallenstam launches framework for green bonds

Wallenstam in cooperation with Handelsbanken has prepared a revised framework for green bonds. The framework has been reviewed by Cicero and once again obtained the highest rating, Dark Green.

The framework describes what types of projects and assets can be financed using green bonds, for example renewable energy such as wind turbines and solar cells. In addition to this, such bonds can also be used for green real estate financing.

“We currently have bonds of SEK 890 million directed towards our wind turbines and solar cells. We use the capital market to finance these types of assets, if the opportunity arises,” says Hans Wallenstam, CEO.

“Wallenstam has historically had, and also continues to have, a very low proportion of bond financing since we finance our property operations via banks,” says Hans Wallenstam, CEO.

The framework was reviewed by the independent research institute Cicero and once again obtained a very strong result. In its second opinion, Cicero gave Wallenstam’s framework the highest rating, Dark Green. The structure for governance and reporting in the framework also obtained the highest rating, Excellent.

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

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 65 billion and the customer base consists of around 12,000 households and 1,000 enterprises. The total lettable area is around 1 million sq m. Wallenstam is self-sufficient in renewable electrical energy through its own wind turbines in operation. The company’s B shares have been listed on Nasdaq Stockholm since 1984.