Skanska issues new green bonds for about SEK 4.5 billion

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Skanska (SKA-B.ST) issues green bonds worth SEK 4.5 billion to finance sustainable commercial real estate projects and other climate transition investments. The bond, divided into 3 maturities, attracted bids from around 40 investors and is listed on the Nasdaq Sustainable Bond Market. President and CEO Anders Danielsson sees the interest as a sign of strength, providing flexibility and room to maneuver for the company's project development activities.

STOCKHOLM, Nov. 16, 2023 /PRNewswire/ -- 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.

The bonds are listed on the Nasdaq Sustainable Bond Market.

For further information please contact:

Antonia Junelind, SVP Investor Relations, Skanska AB, tel +46 (0)10 448 62 61
Jacob Birkeland, Head of Media Relations, Skanska AB, tel +46 (0)10 449 19 57

Direct line for media, tel +46 (0)10 448 88 99

This and previous releases can also be found at www.skanska.com.

The following files are available for download:

https://mb.cision.com/Main/95/3877407/2435781.pdf

20231116 SE green bonds ENG

 

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SOURCE Skanska

FAQ

What is the purpose of Skanska issuing green bonds?

Skanska issued green bonds worth SEK 4.5 billion to finance sustainable commercial real estate projects and other climate transition investments.

How much interest did the green bond issue attract?

The green bond issue attracted bids from around 40 investors.

Who commented on the interest in the bond market?

Anders Danielsson, President and CEO of Skanska Group, sees the interest from the bond market as a sign of strength, providing flexibility and room to maneuver for the company's project development activities.

Where are the bonds listed?

The bonds are listed on the Nasdaq Sustainable Bond Market.