Wallenstam has issued a green bond of SEK 500 million
Published 8/27/2019Wallenstam yesterday issued a green bond under its green framework and MTN program. The issue consists of SEK 500 million with a maturity of two years and with a variable interest rate of 3M STIBOR + 60 basis points. The bond is unsecured.
Like the last issue, the bond proceeds will be used for refinancing of Wallenstam’s 66 wind turbines.
“It is very gratifying that demand for our bonds remains strong,” says Hans Wallenstam, CEO.
The bond will be listed on Nasdaq Stockholm Sustainable Bonds List. Svenska Handelsbanken has acted as issuing agent.
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.
More information about Wallenstam’s green bonds is available at www.wallenstam.se/greenbonds.