April 16, 2014 - Assignment

Arise issues SEK 1.1 billion senior secured green notes

Arise AB (publ) has issued SEK 1.1 billion senior secured green notes due 2019 at a floating interest rate of 3.00 percentage units above 3-month STIBOR. Arise intends to apply for listing of the notes on NASDAQ OMX Stockholm.

This is the first senior secured notes issue in Sweden in the wind power sector. The security granted consists of pledges over shares in a number of Arise’s subsidiaries owning wind farms in the southern part of Sweden. DNV GL has given an opinion stating that the notes are aligned with the Green Bond Principles, thereby providing external assurance to investors about the “green” integrity of the notes. The Green Bond Principles were established in January 2014 by a number of international banks to, among other things, standardise the green bond market.

Arise is a listed Swedish company and one of the leading players in the Swedish wind power market. The company’s business idea is to operate as an integrated wind power company managing all stages of the value chain, from project development to sale of green electricity from company-owned onshore wind turbines.

DNB Markets has acted as financial advisors to Arise and lead manager for the notes issue.

DNB Markets was advised by Mannheimer Swartling. The firm’s team was led by Daniel Karlsson, primarily assisted by Andreas Zettergren, Sara Ulriksen and Viktor Leisnert.