| Press release Stockholm, 5 June, 2020 |
The Swedish National Debt Office and the Swedish government have now established the framework for Sweden’s first sovereign green bond, which will be tied to green investments and projects and further strengthen Sweden’s ambitious environmental and climate work. SEB is, as a special advisor, assisting the debt office in that work.
This means that the state can now proceed with the issuance of the bond, which will take place during 2020. The money raised will be tied to expenditures in the state budget that are defined as green in accordance with Sweden’s framework for green bonds.
“Sweden has ambitious environmental and climate goals and we’re very pleased that investors from all over the world are now given the possibility to invest in the progressive work to reach these goals”, says Hans Beyer, Chief Sustainability Officer at SEB.
In September last year, the debt office appointed SEB as special advisor for Sweden’s sovereign green bond. SEB’s task is to advise throughout the process, from the development of the framework to the issuance of the bond. The framework has been classified as Dark Green, the highest score in the research institute Cicero’s Shades of Green methodology. According to Hans Beyer, the new bond will strengthen the financial system’s ability to support the climate transition.
”A green sovereign bond creates the prerequisites for many more, green products”, says Hans Beyer.
For further information, please contact
Frank Hojem, Head of Corporate Communication
+46(0)8 763 99 47
frank.hojem@seb.se
Press contact
Niklas Magnusson, Group Press Officer
+46(0)70 763 82 43
niklas.x.magnusson@seb.se
SEB is a leading Nordic financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. SEB takes a long term perspective and supports its customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank's operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB's business is reflected in its presence in some 20 countries worldwide. On March 31, 2020, the Group's total assets amounted to SEK 3,286 billion while its assets under management totalled SEK 1,758 billion. The Group has around 15,000 employees. Read more about SEB at https://www.sebgroup.com.