In a new step for ‘green’ bonds, SEB helped Vasakronan, a real estate company fully owned by Sweden’s national pension funds, issue the world’s first ‘green’ corporate bond.
Until now, green bonds, a product developed by SEB together with the World Bank, have been issued mostly by financial institutions. Last month, the City of Gothenburg became one of the first municipalities to issue green bonds. SEB also took part on that issuance.
“We were able to create a solution that meets a corporate client’s need and at the same time promotes investment in environmentally sustainable projects. The transaction wouldn’t have happen without the strong commitment from the Green Bond team and from the Debt Capital Markets syndicate. It’s rewarding to be a part of this product,” says Fredrik Brusewitz at Debt Capital Markets within Merchant Banking.
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