Nobina has successfully issued additional green bonds
Nobina AB (publ.) has successfully issued additional bonds in an amount of SEK 200 million under its existing green bond loan with a final maturity date on February 13th, 2024.
The additional bonds were issued at 102,187% of par which corresponds to a floating interest rate of STIBOR 3 months plus 65 basis points.
Nobina has a clear sustainability profile and sustainability is a natural and integrated part of the Company’s business operations. The net proceeds from the additional bonds will be used in accordance with the Company’s Green Bond Framework, to finance or re-finance, in part or in full:
- Electric buses
- Vehicles powered by biofuels
- Charging infrastructure for electric buses
“We are very happy with the high interest received from investors for our green bond. The strong demand enabled a very attractive funding cost and diversifies Nobina’s sources of financing. With this transaction we take a further large step towards having a bus fleet run on 100 percent fossil-free fuels.” says Nobina’s CEO and President Magnus Rosén.
SEB and Swedbank acted as Joint Bookrunners for the transaction and Gernandt & Danielsson Advokatbyrå acted as legal counsel. The Company intends to apply for admission of trading of the bonds at the Sustainable Bond List at Nasdaq Stockholm.