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||Amount||Interest rate|
|103||Nov 23, 2017||5 years||SEK 250 million||3M STIBOR + 1.40%|
|106||Sep 27, 2018||3 years||SEK 200 million||3M STIBOR + 0.93%|
|107||Oct 23, 2018||2.5 years||SEK 200 million||3M STIBOR + 0.88%|
|108*||May 24, 2019||2 years||SEK 500 million||3M STIBOR + 0.75%|
|109*||Sep 2, 2019||2 years||SEK 500 million||3M STIBOR + 0.60%|
|110||Jan 20, 2020||2 years||SEK 200 million||3M STIBOR + 0.50%|
|111||Feb 12, 2020||2.5 years||SEK 300 million||3M STIBOR + 0.60%|
|112*||Sep 16, 2020||2 years||SEK 300 million||0.695%|
|113*||Nov 30, 2020||2 years||SEK 350 million||3M STIBOR + 0.75%|
|114*||Feb 25, 2021||2.5 years||SEK 350 million||3M STIBOR + 0.60%|
|115*||Apr 26, 2021||2 years||SEK 200 million||3M STIBOR + 0.50%|
|116*||Apr 26, 2021||3 years||SEK 200 million||3M STIBOR + 0.66%|
|Total||SEK 3,550 million|