By Marisa Wong
Los Angeles, April 12 – Loomis AB announced it issued SEK 300 million of additional sustainability-linked bonds due Nov. 30, 2026.
The bonds will bear interest at three-month Stibor plus 148 basis points, according to a Tuesday press release.
Loomis said the bonds are an extension of its existing sustainability-linked bond program. In November the company had issued SEK 1.2 billion of bonds due 2026 with a coupon of Stibor plus 135 bps under a newly published sustainability-linked financial framework and newly updated medium-term note program, as previously reported.
The bonds are linked to the outcome of a sustainability target to reduce its absolute carbon dioxide emissions by 20% by 2025, compared to the 2019 level, as previously announced.
Nordea and Danske Bank and Nordea jointly acted as issuing institutions for the latest bonds.
Proceeds will be used for general corporate purposes and to refinance loans.
The bonds will be listed on the Nasdaq Stockholm Sustainable Bond List.
The cash handling company is based in Stockholm.
| Issuer: | Loomis AB
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| Amount: | SEK 300 million
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| Issue: | Sustainability-linked bonds
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| Maturity: | Nov. 30, 2026
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| Bookrunners: | Nordea and Danske Bank
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| Coupon: | Three-month Stibor plus 148 bps
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| Announcement date: | April 12
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| Listing: | Nasdaq Stockholm Sustainable Bond List
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