Statkraft AS Launches SEK 500 Million Green Bonds for Growth
Statkraft AS Issues SEK 500 Million in Green Bonds
Statkraft AS has made a significant move by successfully issuing SEK 500 million in 14-year senior unsecured green bonds. These bonds come with a competitive coupon rate of 3.21%, reflecting the growing interest and investment in sustainable financing solutions.
Details of the Green Bond Offering
This channeling of capital marks an important step in Statkraft's endeavor to enhance its sustainability focus while diversifying funding opportunities. The bonds are structured under their EMTN (Euro Medium Term Note) programme, which has been instrumental in facilitating their financial strategies.
Settlement and Listing Plans
The anticipated settlement date for these bonds is set for September 17, 2024. Following the settlement, Statkraft will seek to have the green bonds listed on Euronext Dublin, which would further contribute to their visibility and accessibility to investors interested in environmentally-friendly options.
Role of Danske Bank
Danske Bank played a pivotal role in this issuance by serving as the Sole Manager. Their expertise and involvement have been central to the success of placing these bonds, ensuring that Statkraft can efficiently engage with potential investors and stakeholders.
Commitment to Transparency and Sustainability
As part of Statkraft's ongoing commitment to transparency, the EMTN Offering Circular along with the Green Finance Framework is readily available on their official website. This initiative not only showcases Statkraft’s dedication to green financing but also invites greater scrutiny and engagement from the investment community.
Contact Information for Further Inquiries
For those looking to delve deeper or seek further information regarding this bond issuance, Statkraft has made its funding managers accessible. Interested parties can reach out to Funding Manager André Halle Julin at +47 992 54 205 or VP of Group Treasury Stephan Skaane at +47 905 13 652. Their willingness to assist emphasizes Statkraft's readiness to foster investor relationships.
Exploring Growth Through Green Financing
The issuance of these green bonds is not just a financial maneuver; it represents Statkraft's ongoing strategy to promote sustainable development. By reinforcing their capital through green financing, Statkraft is positioning itself as a leader in sustainable practices within the energy sector.
This financial strategy aligns with global efforts to combat climate change, appealing to a growing number of socially conscious investors who prioritize environmental responsibility in their portfolios. Statkraft aims to leverage this funding to drive projects that align with sustainable energy and environmental goals.
Frequently Asked Questions
What are the key features of the SEK green bonds issued by Statkraft?
The SEK green bonds issued by Statkraft include a total value of SEK 500 million, a maturity period of 14 years, and a coupon rate of 3.21%.
When is the settlement date for these bonds?
The expected settlement date for the bonds is September 17, 2024.
Who managed the issuance of the green bonds?
Danske Bank acted as the Sole Manager for the issuance of the SEK green bonds.
Where will the green bonds be listed?
Statkraft plans to list the green bonds on Euronext Dublin to enhance their market presence.
Who can I contact for more information about the bond issuance?
Contact Funding Manager André Halle Julin at +47 992 54 205 or VP of Group Treasury Stephan Skaane at +47 905 13 652 for detailed inquiries.
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