SKF Issues its First Green Bond
SKF's green bond has received much attention from investors and it was oversubscribed four times. The proceeds from the bond will finance green investments that reduce CO2 emissions and impact from SKF's own operations and supply chain operations, as well as supporting customers to reduce their emissions. This will be done through capital investment in manufacturing, plant and property and R&D related to cleantech industries.
Niclas Rosenlew, Senior Vice President and CFO, says: "We are very pleased with the vast interest from investors from all over
"Issuing a green bond is a further step to integrate sustainability to our financing operations. With the green bond we also diversify our investor base by reaching out to new investors and increase the transparency towards our stakeholders even further."
The value of the green bond is
Read more about SKF's Green Finance Framework and find detailed information on the bond and terms of the issuance at https://investors.skf.com/en/green-finance-framework.
Fact box: SKF's Green Bond
Tenor: 10 years
Interest spread: MS+80 bps
For further information, please contact:
tel: +46 31 337 6576, mobile: +46-725-776576, e-mail: email@example.com
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The following files are available for download:
Press release (PDF)