By Marisa Wong
Los Angeles, March 11 – Husqvarna Group has placed a SEK 1.75 billion green three-year bond, according to a press release.
The bond was issued under the company’s medium-term note program following a well-attended roadshow.
With this transaction, the company extends its footprint in the Swedish bond market, and the proceeds will be exclusively allocated to investments in low-carbon products and solutions, according to the release.
The company’s green finance framework generally covers green bonds and other green financing instruments that raise funds exclusively allocated to investments in low-carbon products and solutions, green buildings, clean transportation and renewable energy.
SEB acted as adviser on the green finance framework. Joint bookrunners for the new issue were SEB, Danske Bank and Swedbank.
Husqvarna is a Stockholm-based manufacturer of outdoor power products.
| Issuer: | Husqvarna Group
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| Amount: | SEK 1.75 billion
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| Issue: | Green bond
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| Tenor: | Three years
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| Bookrunners: | SEB, Danske Bank and Swedbank
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| Announcement date: | March 11
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| Marketing: | Roadshow
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