By Rebecca Melvin
New York, June 26 – Vattenfall AB has priced €500 million of 0.5% seven-year green bonds at 99.637 to yield 0.553%, or a yield spread of mid-swaps plus 55 basis points, according to market sources.
The bond was sold under Vattenfall’s SEK 20 billion medium-term note program and has been listed on the Nasdaq Stockholm exchange.
As previously reported, Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Nordea and SEB were bookrunners of the green bond issue.
Vattenfall is a state-owned energy company based in Stockholm.
| Issue: | Vattenfall AB
|
| Issue: | Green bonds
|
| Amount: | €500 million
|
| Maturity: | 2026
|
| Bookrunners: | Citigroup Global Markets Inc., Deutsche Bank Securities Inc., Nordea and SEB
|
| Coupon: | 0.5%
|
| Price: | 99.637
|
| Yield: | 0.553%
|
| Yield spread: | Mid-swaps plus 55 bps
|
| Listing: | Nasdaq Stockholm
|
| Pricing date: | June 13
|
| Settlement: | June 24
|
| Listing date: | June 26
|
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