Vattenfall issues GBP 250,000,000 green hybrid bond

On 17 May 2023, Vattenfall issued GBP 250,000,000 subordinated capital securities with a maturity of 60.25 years and a first call option after 5.25 years.

This was Vattenfall’s second green GBP hybrid bond issue under Swedish law and its first hybrid bond transaction since 2021. It was admitted to trading on Nasdaq Stockholm’s Sustainable Bond List on 19 May 2023. The new capital securities have been assigned BB+ and Baa2 credit ratings by the credit rating agencies S&P and Moody’s, respectively.

Vattenfall is one of Europe’s largest producers and retailers of electricity and heat and has approximately 20,000 employees. The main markets are Sweden, Germany, the Netherlands, Denmark and the United Kingdom. Vattenfall is owned by the Swedish state.

Vattenfall was advised by Mannheimer Swartling in the transaction.

Related news

Impilo and KKR has entered into a strategic partnership together with management in rare disease platform Immedica Pharma

Nefab secures financing of approximately EUR 273 million

HMS Networks has completed the acquisition of Red Lion Controls and carried out a directed share issue

CA Fastigheter issues green bonds of SEK 500 million and completes a tender offer and early redemption under outstanding bonds

Popular search terms

Cookies

This website uses cookies to perform certain functions and help you navigate the site efficiently. A cookie is a text file with a small amount of information that is stored on your device. We share some of the information we obtain through these cookies with third parties. We only use cookies that are necessary for the site to function correctly and they therefore cannot be turned off. For further information, see Information on the use of cookies.