By Sarah Lizee
Olympia, Wash., Sept. 17 – Sato Corp. priced €350 million of 1.375% seven-year senior green bonds (BBB), according to a London Stock Exchange notice.
Danske Bank, Handelsbanken, OP Corporate Bank and Swedbank acted as joint lead managers and bookrunners.
The bonds will be issued out of the company’s euro medium-term note program on Sept. 24.
Proceeds will be used for financing or refinancing eligible green assets, which may include energy-efficient buildings, repair investments improving energy efficiency as well as projects relating to renewable energy or waste management.
Sato is a rental housing provider based in Helsinki.
| Issuer: | Sato Corp.
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| Issue: | Senior green bonds
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| Amount: | €350 million
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| Maturity: | Seven years
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| Bookrunners: | Danske Bank, Handelsbanken, OP Corporate Bank and Swedbank
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| Coupon: | 1.375%
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| Settlement date: | Sept. 24
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| Rating: | S&P: BBB
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