Sweden presents sovereign green bond ahead of issuance

News 24 August 2020

The Swedish National Debt Office is publishing the investor presentation of its sovereign green bond today ahead of the upcoming issue of approximately SEK 20 billion. The proceeds from the green bond will be linked to expenditures that contribute to achieving Sweden’s environmental and climate goals.

The joint lead managers appointed by the Debt Office to sell Sweden’s sovereign green bond will now arrange virtual meetings with interested investors. In the investor presentation, the Debt Office and the Government Offices present the bond and Sweden’s environmental and climate policy. After the meetings, the bond will be issued in due course, subject to market conditions.

“I am very pleased that the collaborative efforts that have gone into this project have enabled us to now present Sweden’s sovereign green bond, which combines low risk with a dark green stamp of approval,” says Hans Lindblad, Director General of the Debt Office.

As previously announced, the green bond will be issued in Swedish kronor and under the Debt Office’s programme for Euro Medium Term Notes (EMTN). The maturity will be set within the range of 7–10 years. Barclays, Danske Bank, NatWest Markets, SEB and Swedbank are joint lead managers of the transaction. SEB also acts as structuring advisor for the green bond.

In June, the Government adopted Sweden’s Sovereign Green Bond Framework and the selection of budget expenditures to which the bond will be linked. The framework was rated “dark green” – the highest grade – by second-opinion provider Cicero.

Investor presentation of Sweden’s sovereign green bond and related content


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