Vattenfall Launches Maiden Green Bond

June 14, 2019

Image: Vattenfall
Image: Vattenfall

Swedish energy company Vattenfall has issued a EUR500mln green bond, its first such issuance, with the proceeds earmarked for a number of projects, including renewables.

The bond with a tenor of seven years is offering investors the chance to “support the transformation of the energy system”.

The proceeds from the bond issue are earmarked for projects defined in Vattenfall's green bond framework, with four categories: renewable energy and related infrastructure, energy efficiency, electrification of transport and heat, and industrial projects.

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's CFO Anna Borg commented 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."  



Current News

Offshore Wind Cable Market to Grow 57% by 2023

Offshore Wind Cable Market to Grow 57% by 2023

Saudi IMI Signs Jack-up Deal with GustoMSC

Saudi IMI Signs Jack-up Deal with GustoMSC

Drilling Activity Buoyant in Norway

Drilling Activity Buoyant in  Norway

Orsted Chooses CWind Hybrid SES

Orsted Chooses CWind Hybrid SES

An Unusual Abandonment

An Unusual Abandonment

Finding New P&A Alternatives

Finding New P&A Alternatives

Industry Shares North Sea Data with Scientists

Industry Shares North Sea Data with Scientists

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week