Sweden-based energy multinational Vattenfall have issued their first green bond, valued at over €500 million.
The move it claims will support the transition to a low-carbon future, which the company says is aligned to its investments in fossil-free and climate-clever solutions.
Proceeds are already planned to be invested in renewable energy and related infrastructure, industrial projects, energy efficiency, and the electrification of heat and transport.
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The bond has a tenure of 7 years, and is also the first international issuance of a green bond from Sweden, which is regulated by the country’s EMTN programme, which as per Swedish law, is listed on Nasdaq Stockholm.
CFO Anna Borg said: “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.”