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Vattenfall issues EUR 500 million green senior bond

Swedish state-owned energy utility Vattenfall Group has announced that it has issued a new EUR 500 million green senior bond. The issue on February 5, 2021, was oversubscribed by more than 3.5 times. Vattenfall now has three green bonds outstanding with a total size of EUR 1.5 billion.

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Swedish state-owned energy utility Vattenfall Group has announced that it has issued a new EUR 500 million green senior bond. The issue on February 5, 2021, was oversubscribed by more than 3.5 times. Vattenfall now has three green bonds outstanding with a total size of EUR 1.5 billion.

According to a statement, the proceeds from the bond issue will be earmarked for investments in the four eligible categories specified in Vattenfall’s Green Bond Framework. These are:

  • renewable energy and related infrastructure,
  • energy efficiency,
  • electrification of transport and heat, and
  • industrial projects.

Financial institutions Barclays, BNP Paribas, MUFG, and Nordea acted as joint bookrunners on the bond issue.

I am happy to say that we have once more seen very strong interest among European investors when issuing our new green bond and that so many have chosen to contribute to our goal of enabling fossil-free living within one generation, commented Kerstin Ahlfont, CFO, Vattenfall.

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