Wallenstam lists green bond on Nasdaq’s Sustainable Bond Market
Today Wallenstam celebrated the listing of its green bond of SEK 500 million on Nasdaq Stockholm Sustainable Bond Market. Wallenstam’s employees, bankers and investors gathered at Wallenstam’s headquarters on Kungsportsavenyen in Gothenburg for the bell ringing and listing ceremony.
The company’s Sustainability Manager Karin Mizgalski rang the bell and CEO Hans Wallenstam noted in his speech that the interest for Wallenstam’s green bond has been strong and also that Wallenstam is celebrating 35 years as a listed company this year.
“I feel proud about the launch of our green framework, which obtained the fine ratings Dark Green and Excellent in the review, which also reflects how our work at Wallenstam is based on a long-term approach with sustainability in focus. I am also very happy that the bond is now being listed on Nasdaq’s Sustainable Bond Market,” says Hans Wallenstam, CEO.
“We are proud to be able to contribute with an infrastructure around a sustainable market where the Nordic countries are showing strong leadership. The Swedish property sector in particular has taken a great stride forward in its sustainability work in a relatively short period of time. Many Swedish property companies have also chosen to integrate sustainability into their financial operations through green bonds, which in turn has contributed to clear and ambitious goals that have often been more far-reaching than existing standards. We hope and believe that more sectors will follow in the footsteps of Wallenstam and the property sector in the coming years,” says Ann-Charlotte Eliasson, Head of Nordic Fixed Income Listings at Nasdaq.
The bond proceeds from the current issue will be used for refinancing of Wallenstam’s 66 wind turbines.
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 has obtained the highest rating, Dark Green. Cicero also gave the rating Excellent to Wallenstam’s governance work in relation to the green framework.
More information about Wallenstam’s framework and 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
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.