According to Wallenstam's finance policy, the company's short- and long-term capital supply should be secured by adapting the financial strategy to the company's operations.
The basis for financing consists of conventional bank loans combined with interest rate derivatives, commercial paper and bond loans. In 2017, an MTN program was established with a framework amount of SEK 5 billion.
Wallenstam's green bonds
Green bonds are issued under Wallenstam’s MTN program with the same terms and conditions as other bonds but with the addition that the proceeds of green bond issues can only be allocated to projects and assets, which are eligible according to Wallenstam’s green framework.
The framework was reviewed by the independent research institute Cicero (Center for International Climate Research) and obtained a very strong result. In its so-called 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.
See the list below with terms for issued bonds within the framework of the MTN program. Click on the loan number to see the final terms for each loan (only in Swedish).
|Loan no.||Loan date||Maturity||Outstanding amount||Issued volume||Interest rate|
|114*||Feb 25, 2021||2.5 years||SEK 460 million||SEK 550 million||3M STIBOR + 0.60%|
|115*||Apr 26, 2021||2 years||SEK 30 million||SEK 350 million||3M STIBOR + 0.50%|
|116*||Apr 26, 2021||3 years||SEK 400 million||SEK 400 million||3M STIBOR + 0.66%|
|Total||SEK 890 million|