Statkraft AS Advances Sustainability with New Green Bonds

Statkraft AS Issues Dual-Currency Green Bonds to Boost Sustainability

In a significant move towards enhancing its sustainability efforts, Statkraft AS has successfully issued senior unsecured green bonds in both NOK and SEK under its Euro Medium Term Note (EMTN) programme. This impactful transaction aligns with the company's dedication to financing eligible projects aimed at promoting environmental sustainability and supporting a greener future.

Details of the Green Bond Issuance

The issuance was structured into two notable tranches, demonstrating Statkraft's strategic approach to diversified financing. The first tranche comprises SEK 1,400 million in a 3-year senior unsecured green bond, which features a floating rate coupon linked to the 3-month Stibor plus an additional 0.47% per annum. This floating rate structure offers flexibility in the context of varying market conditions.

The second tranche, totaling NOK 1,400 million, is an 11-year senior unsecured green bond characterized by a fixed coupon rate of 4.597% per annum. This fixed-rate option provides a degree of predictability for investors, making it an attractive choice for those interested in long-term commitments.

Utilization of Proceeds to Support Green Projects

Statkraft has committed to utilizing an equivalent amount of the net proceeds from this bond issuance to finance Eligible Projects as delineated in its Green Finance Framework. By aligning their funding with essential sustainability initiatives, Statkraft reaffirms its role as a leader in the renewable energy sector.

Strategic Listings and Market Collaboration

To enhance market visibility and accessibility, Statkraft plans to apply for the listing of the NOK-denominated green bonds on the Oslo Stock Exchange, while the SEK-denominated bonds will seek listing at Euronext Dublin. This strategic dual-listing underscores the company's commitment to transparency and investor engagement.

The issuance saw collaboration among notable financial institutions, with DNB Markets, Handelsbanken, and Nordea acting as Joint Bookrunners. Their support reflects confidence in Statkraft's strategy and commitment to advancing green finance.

Looking Ahead for Statkraft AS

As a prominent player in the renewable energy landscape, Statkraft AS continues to evolve and adapt to market demands. This latest bond issuance not only strengthens its financial position but also positions the company to effectively channel investments towards sustainable projects.

Stakeholders and investors can find more detailed information regarding the EMTN Offering Circular and Green Finance Framework available on Statkraft's official website. Those interested in learning more about Statkraft's initiatives or seeking information about the green bonds can reach out to the following contacts:

Funding Manager André Halle Julin at +47 992 54 205 and VP Group Treasury Stephan Skaane at +47 905 13 652.

Frequently Asked Questions

What is the purpose of Statkraft AS's green bonds?

The green bonds are aimed at financing eligible projects that contribute to sustainability and environmental initiatives.

What are the amounts and terms of the issued green bonds?

Statkraft issued SEK 1,400 million in 3-year bonds and NOK 1,400 million in 11-year bonds with fixed and floating rates, respectively.

Where will the green bonds be listed?

The NOK-denominated green bonds will be listed on the Oslo Stock Exchange, and the SEK-denominated bonds on Euronext Dublin.

Which financial institutions were involved in the bond issuance?

DNB Markets, Handelsbanken, and Nordea served as Joint Bookrunners for the bond issuance, indicating strong market support.

How will the proceeds from the bond issuance be used?

The net proceeds will finance Eligible Projects as specified in Statkraft's Green Finance Framework, supporting sustainable development.

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