By Lisa Kerner
Charlotte, N.C., May 27 – Stockholm County Council issued a SEK1.8 billion six-year green bond, its second green bond in the Swedish market.
The bond has a fixed rate of just over 1% and represents about 18% of the council’s estimated borrowing requirement for 2015, according to a news release.
Proceeds will be used for green investments, such as public transportation.
The council has a Standard & Poor’s rating of AA+ long term, and a short-term rating of A-1+.
| Issuer: | Stockholm County Council
|
| Issue: | Green bond
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| Amount: | SEK1.8 billion
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| Coupon: | 1%
|
| Maturity: | Six years
|
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