BEWI eyes €90 million tap of sustainability-linked floaters due 2026

By Devika Patel

Knoxville, Tenn., Nov. 3 – BEWI ASA plans an add-on to its senior floating-rate sustainability-linked bonds due September 2026 (ISIN: SE0016276398) to raise up to €90 million, according to a press release.

Joint bookrunners Carnegie AS, DNB Markets and Nordea Bank Abp will hold arrange a series of fixed income investor meetings for the new notes beginning on Thursday.

The company previously sold €160 million of the floaters, which were issued under a framework for up to €250 million of bonds, in a sale was announced in August.

The previously sold notes bear interest at Euribor plus 315 basis points.

Proceeds will be used for general corporate purposes, including the company’s planned acquisition of Jackon Holding AS.

The company supplies the Nordic countries with particle foam products. Its headquarters are in Solna, Sweden.

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