Bonava AB (publ) ("Bonava") has successfully increased its outstanding senior unsecured green bond with maturity in March 2024 with 200 MSEK. The proceeds will be used in accordance with Bonava's Green Financing Framework.
The issue price was 101.9 which converts to 3M STIBOR +264 basis points to first call date.
"We are happy to see that the bond market is confident in Bonava and that we have been able to tap our outstanding green bond which gives us additional financial flexibility and extends the duration of our debt portfolio", comments Lars Granlöf, CFO at Bonava.
Bonava's Green Financing Framework enables the financing of housing developments through green bonds and green loans in line with the company's sustainability agenda, focusing on the green offering combining science based targets for climate action with eco-labelled buildings. More information is available at www.bonava.com/en/financing/green-finance-framework.
Danske Bank together with SEB have acted financial advisor in the bond issue and Cederquist have acted legal advisor.
For more information, please contact:
Lars Granlöf, CFO
lars.granlof@bonava.com
Tel: +46 790 631 609
Carolina Strömlid, Head of Investor Relations
carolina.stromlid@bonava.com
Tel: +46 708 807 173
Bonava is a leading residential developer in Northern Europe that creates homes and neighbourhoods where people have the highest quality of life. The company is the first residential developer in Europe to receive approval from the Science Based Targets initiative for its climate targets. With its 2,100 co-workers, Bonava develops residential housing in Germany, Sweden, Finland, Denmark, Norway, St. Petersburg, Estonia, Latvia and Lithuania, with net sales of approximately SEK 17 Bn in 2020. Bonava's shares and green bond are listed on Nasdaq Stockholm.
For more information about us, visit: www.bonava.com