Skanska issues USD$400 Million New Green Bonds
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Skanska has issued green bonds worth approximately SEK 4.5 billion to finance sustainable commercial real estate projects and other investments for climate transition. The issue generated substantial interest, attracting bids from around 40 investors.
At the issuance that took place on November 15, the bond was divided into 3 maturities: SEK 750 million in 2 years, SEK 2.4 billion in 3 years and SEK 1.5 billion in 5 years.
“Our Green Bond Framework that was presented on November 8 is based on our ambition to be a leader in the climate transition and enables the use of green external financing for our own project development activities. The great interest from the bond market is a sign of strength and gives us flexibility and creates room to maneuver,” says Anders Danielsson, President and CEO, Skanska Group.
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The bonds are listed on the Nasdaq Sustainable Bond Market.