GlobeNewswire

Sweden’s sovereign green bond sale meets strong demand

Share

Sweden’s sovereign green bond sale meets strong demand

The Swedish National Debt Office today raised SEK 20 billion through its first-ever sale of a sovereign green bond. The proceeds will be linked to budget expenditures that contribute to achieving Sweden’s environmental and climate objectives. 

Demand was strong for the bond, which has a maturity of ten years. The total order book exceeded SEK 47 billion, including 72 separate investors. The bond was issued through a syndication, whereby joint lead managers carried out the transaction at terms approved by the Debt Office. The yield was set at 0.09 per cent.

“There is clearly a widespread commitment to sustainability in the financial markets, which is gratifying to see. Investors from around the world have shown great interest in our green bond as well as in Sweden’s environmental and climate policy,” says Anna Sjulander, Acting Head of Debt Management at the Debt Office.

In June, the Government adopted Sweden’s sovereign green bond framework and the selection of budget expenditures to which the proceeds from the bond will be linked, including protection of valuable natural environments, climate investments and railway maintenance. The framework was rated “dark green” – the highest grade – by second-opinion provider Cicero.

“Backed by Sweden’s high environmental and climate ambitions coupled with stable public finances, we have been able to offer a low-risk bond with a dark-green stamp of approval. This attracted both our traditional and new investors,” says Johan Bergström, Acting Head of Funding at the Debt Office.  

Terms and conditions

IssuerKingdom of Sweden
SizeSEK 20 billion
Coupon0.125 %
Maturity date9 September 2030
Re-offer price100.348%
Re-offer yield0.09 %
Lead managersBarclays, Danske Bank, NatWest Markets, SEB and Swedbank

Distribution by region

Sweden61.5 %
UK17.9 %
EMEA8.4 %
Other Nordics7.2 %
Americas4.5 %
Asia0.5 %

Distribution by investor category

Pension funds45.6 %
Asset managers32.9 %
Insurance8.5 %
Bank treasuries8.1 %
Other4.9 %

Related content

More information and links to related documents, www.riksgalden.se

Contact

Press telephone: +46 8 613 47 01






About GlobeNewswire

GlobeNewswire
GlobeNewswire
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://globenewswire.com

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire

Subscribe to all the latest releases from GlobeNewswire by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire

Golar LNG Partners LP: Q3 2020 results presentation24.11.2020 16:11:33 CETPress release

Golar LNG Partners LP 3rd Quarter 2020 results will be released before the NASDAQ opens on Monday, November 30, 2020. In connection with this a webcast presentation will be held at 4:30 P.M (London Time) on Monday, November 30, 2020. The presentation will be available to download from the Investor Relations section at www.golarlngpartners.com Due to ongoing high levels of demand for their services, our platform providers highly recommended that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call dial-in information below. Call handling may take longer than usual. You should therefore dial in 10-15 minutes prior to the start time. Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant. a. Listen-only l

DFDS A/S: DANISH DEFENCE AND DFDS ENTER INTO NEW AGREEMENT24.11.2020 15:30:13 CETPress release

Investor news Today, DFDS and the Joint Movement and Transport Organisation (JMTO), which provides strategic transport for Danish military missions, have entered into a new agreement. According to the agreement, a total of seven freight ferries (ro-ro) will be made available for the maritime transport of military materiel and equipment in connection with NATO preparedness, participation in military exercises and operations, and humanitarian crises. The agreement, concluded after the task went out to public tender, replaces an earlier agreement between the Danish Defence and DFDS, and runs for six years. On a day-to-day basis, the ferries will be deployed on DFDS’ routes, and will be made available to the military when and to the extent requested by the Danish Defence. The agreement is also linked to the ARK project, a Danish-German cooperation project, which ensures access to and availability of maritime transport capacity for Danish and German defences in accordance with the nations’

FORSVARET OG DFDS INDGÅR NY AFTALE24.11.2020 15:30:13 CETpressemeddelelse

Investor news DFDS og Joint Movement and Transportation Organisation (JMTO), som leverer strategisk transport i forbindelse med danske militære opgaver, har i dag indgået en ny aftale.I alt syv fragtfærger (ro-ro) stilles ifølge aftalen til rådighed for søtransport af militært materiel og udstyr i forbindelse med NATO-beredskabet, deltagelse i militære øvelser og operationer samt humanitære kriser. Aftalen, der er indgået efter et offentligt udbud af opgaven, erstatter en tidligere aftale mellem forsvaret og DFDS, og løber i seks år. I det daglige vil færgerne være indsat på DFDS’ ruter og blive stillet til rådighed for militæret, når og i det omfang forsvaret anmoder om det. Aftalen er desuden knyttet til ARK-projektet, et dansk-tysk samarbejde, der sikrer dansk og tysk forsvar adgang til og rådighed over kapacitet til søtransport i henhold til nationernes egne forpligtelser over for NATO. Kontakt Torben Carlsen, CEO +45 33 42 3201 Karina Deacon, CFO +45 33 42 3342 Søren Brøndholt Nie

Cypress Development Reports Further Positive Metallurgical Results from Clayton Valley Lithium Project in Nevada24.11.2020 14:00:00 CETPress release

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) -- Cypress Development Corp. (TSX-V:CYP) (OTCQB:CYDVF) (Frankfurt:C1Z1) (“Cypress” or “the Company”) reports the completion of additional metallurgical testing following the positive Prefeasibility Study (PFS) published on the Company’s 100%-owned Clayton Valley Lithium Project in Nevada, USA. The testing was conducted at Continental Metallurgical Services in Montana and NORAM Engineering in British Columbia, in preparation for the Company’s pilot plant program as outlined in the PFS. Highlights Testing resulted in 80.2% extraction of lithium when a sodium chloride solution was used instead of distilled water in leaching claystone under Cypress’ sulfuric acid leach process. Lithium in the resulting leach solution was successfully concentrated at levels comparable to the PFS with limited interference by chlorides and other minerals present. The ability to tolerate high chloride levels in the process is significant because it al

RevoluGROUP Canada Inc. RevoluSEND Extends Remittance Reach with Thunes24.11.2020 14:00:00 CETPress release

VANCOUVER, British Columbia, Nov. 24, 2020 (GLOBE NEWSWIRE) -- RevoluGROUP Canada Inc. (TSX-V: REVO), (Frankfurt:IJA2) (the "Company") is pleased to announce that RevoluPAY EP S.L. has signed a Definitive Agreement ("DA") with Thunes on November 23rd, 2020. The DA, approved between RevoluPAY CEO Alfredo Manresa and Adrien Antoni, Director of Thunes, permits, with immediate effect, RevoluPAY® family remittances at over 9,000 collection partner agencies offered by www.thunes.com in +100 countries. The parties have agreed upon delivery commissions payable to Thunes, independent of the amount sent and per individual beneficiary delivery and origination via RevoluPAY. The Scope of The Thunes Accord Today's agreement with Thunes expands the reach of the Company's remittance vertical RevoluSEND into supplementary countries, adding 38 nations previously unavailable, most notably crucial high volume remittance markets (Denoted Bold). The addition of Brazil, Chile, and Haiti in South America. As

Olainfarm invites to Third Quarter 2020 Investor Conference Webinar24.11.2020 13:54:00 CETPress release

JSC Olainfarm invites shareholders, investors, mass media representatives and other stakeholders to join its investor conference webinar scheduled on December 2, 2020 at 04:00 PM (EET). To join the webinar please follow the instructions below. Webinar will be hosted by the members of the management board Zane Kotāne un Elena Bushberg. The presentation will be held in English. During the webinar JSC Olainfarm representatives will inform about the recent performance of the company, sales activities in Russia and financial results of third quarter of 2020 and 9 months of 2020. After the presentation investors are welcome to ask questions. Due to the limited webinar time please send in your questions until December 1 to e-mail: marta.muizniece@nasdaq.com. What is a webinar? Webinar is a virtual conference, during which company’s representative gives information about the company, its activities and future plans. Webinar allows interactive communication and provides an opportunity to ask qu