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SEB Raises EUR1 Billion Through Green Bond Issue

By Dominic Chopping

 

STOCKHOLM--Skandinaviska Enskilda Banken AB said Thursday that it has raised 1 billion euros ($1.13 billion) through the issuance of a green bond that will be used to finance green loans, in accordance with SEB's updated framework for green bonds.

The Swedish bank said this is the second green bond it has issued, following the bank's inaugural green bond in 2017.

"Interest in the green bond, which was a 5.5-year senior non-preferred bond, was high, with a majority of the investors being European and Nordic financial institutions," it said.

In January, SEB updated its framework for green bonds, expanding it to allow loans for projects in support of biodiversity, transition to a circular economy and climate change adaptation, which can be included in the pool of green loans that are financed by the bond.

 

Write to Dominic Chopping at dominic.chopping@wsj.com

 

(END) Dow Jones Newswires

February 03, 2022 06:35 ET (11:35 GMT)

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