Skanska issues €390m green bond

Swedish property and construction group Skanska has issued green bonds worth SEK 4.5 bn (€390 mln) to finance sustainable commercial real estate projects and other investments for climate transition.

The issue generated substantial interest, attracting bids from around 40 investors, the company said in a statement.

The bond was divided into 3 maturities: SEK 750 mln in 2 years, SEK 2.4 bn in 3 years and SEK 1.5 bn in 5 years.

'Our Green Bond Framework that was presented on November 8 is based on our ambition to be a leader in the climate transition and enables the use of green external financing for our own project development activities. The great interest from the bond market is a sign of strength and gives us flexibility and creates room to maneuver,' said Anders Danielsson, president and CEO, Skanska Group.


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