Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.
The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”.
The proceeds from the bond issue are earmarked for projects defined in Vattenfall's green bond framework, with four categories: renewable energy and related infrastructure, energy efficiency, electrification of transport and heat, and industrial projects.
The framework has been reviewed by Cicero and given their highest rating, “Dark Green”.
Citi, Deutsche Bank, Nordea and SEB acted as joint bookrunners on the bond issue.d issue.
Vattenfall's CFO Anna Borg commented on the excellent demand for the bond: "We have seen very strong interest in our first green bond, among European investors. I am happy that so many investors have chosen to participate in our bond offer, and chosen to contribute to our vision of a fossil-free life within one generation."
AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week