Vattenfall issues EUR 500 million green bond

In line with the company’s investments in fossil-free energy and climate-smart solutions. So Vattenfall has for the first time issued a green bond. The size of the bond issue is EUR 500 million, with a tenor of seven years. The bond is the first international issuance under an EMTN programme under Swedish governing law, listed on Nasdaq Stockholm.

Vattenfall has issued a senior unsecured green bond, giving investors the opportunity to support the transformation of the energy system and the company’s vision of a fossil-free future. The proceeds from the bond issue are earmarked for projects defined in Vattenfall’s green bond framework, with four categories:

  1. renewable energy and related infrastructure
  2. energy efficiency, electrification of transport and heat, and industrial projects.

Vattenfall green bond calls for more electric cars

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.

Vattenfall CFO Anna Borg comments 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.”

The settlement date is 24 June 2019. Fact box: green bond.

• Size: EUR 500 million ms

• Interest spread: +55bps

• Yield: 0.553%

• Coupon: 0.500%

• Price: 99.637%

• Listing: Nasdaq

• Documentation: EMTN

• Governing law: Swedish law

Written by greenlivingguy

The Green Living Guy, Seth Leitman is a green living expert, celebrity and Editor of the McGraw-Hill, TAB Green Guru Guides. Seth is also an Author, Radio Host, Reporter, Writer and a Environmental Consultant on green living. The Green Living Guy writes about green living, green lighting, the green guru guides and more. Seth's books range from: # Build Your Own Electric Vehicle by Bob Brant and Seth Leitman (2nd and 3rd editions) # Build Your Own Plug-in Hybrid Electric Vehicle by Seth Leitman # Build Your Own Electric Motorcycle by Carl Vogel # Green Lighting by Seth Leitman, Brian Clark Howard and Bill Brinsky # Solar Power For Your Home by David Findley # Renewable Energies For Your Home by Russel Gehrke # Do-it-Yourself Home Energy Audits by David Findley # Build Your Own Small Wind Power System by Brian Clark Howard and Kevin Shea # and more green living books to follow.