Statkraft AS Issues SEK 500 Million in Green Bonds
Statkraft AS has made a notable move by successfully issuing SEK 500 million in 14-year senior unsecured green bonds. With a competitive coupon rate of 3.21%, these bonds highlight the increasing interest and investment in sustainable finance solutions.
Details of the Green Bond Offering
This influx of capital represents a significant step in Statkraft's commitment to sustainability, while also diversifying its funding options. The bonds fall under their EMTN (Euro Medium Term Note) programme, which has been vital for their financial approaches.
Settlement and Listing Plans
The expected settlement date for these bonds is September 17, 2024. After the settlement, Statkraft intends to have the green bonds listed on Euronext Dublin, which would enhance their visibility and appeal to investors interested in environmentally-friendly investments.
Role of Danske Bank
Danske Bank has played a key role in this issuance by acting as the Sole Manager. Their expertise and participation have been crucial in successfully placing these bonds, enabling Statkraft to effectively connect with potential investors and stakeholders.
Commitment to Transparency and Sustainability
In line with Statkraft's commitment to transparency, the EMTN Offering Circular and the Green Finance Framework can be easily accessed on their official website. This step showcases Statkraft’s dedication to green financing and encourages increased scrutiny and engagement from the investment community.
Contact Information for Further Inquiries
For anyone looking to explore more or get additional information about this bond issuance, Statkraft has made its funding managers available. Interested individuals 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 readiness to help underscores Statkraft's commitment to building strong investor relationships.
Exploring Growth Through Green Financing
The issuance of these green bonds goes beyond mere financial strategy; it reflects Statkraft's ongoing mission to foster sustainable development. By bolstering its capital through green financing, Statkraft is positioning itself at the forefront of sustainable practices in the energy sector.
This financial approach aligns with the global efforts to combat climate change, attracting more socially conscious investors who prioritize environmental responsibility in their portfolios. Statkraft aims to utilize this funding for projects that cater to sustainable energy and ecological goals.
Frequently Asked Questions
What are the key features of the SEK green bonds issued by Statkraft?
The SEK green bonds issued by Statkraft feature 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 intended settlement date for the bonds is September 17, 2024.
Who managed the issuance of the green bonds?
Danske Bank served as the Sole Manager for the SEK green bonds issuance.
Where will the green bonds be listed?
Statkraft plans to list the green bonds on Euronext Dublin to boost their market visibility.
Who can I contact for more information about the bond issuance?
You 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 for detailed inquiries.
