ÖSTERSUND, Sweden--(BUSINESS WIRE)--Regulatory News:
Skanska offers capital markets the opportunity to invest in Skanska’s green projects through its first green corporate bond. The invested capital will be exclusively allocated towards investments in green commercial property development.
“There is an increasing interest in the investor market for not only earning a return on investment, but also contributing to a better environment. Skanska is a leader in green project development and construction, and wants to be the preferred choice for investors seeking green investments”, says Peter Wallin, CFO, Skanska AB.
“Green bonds help Skanska diversify its investor base and is yet another way to benefit from our leading position in green project development. The successful issuance confirms the capital market’s confidence in Skanska’s financial strength and continued long term commitment to a sustainable business model”, says Pär Lageryd, Head of Treasury, Skanska Financial Services AB.
Skanska’s Green Bond Framework is endorsed by the Centre for International Climate and Environmental Research (CICERO), an independent research centre associated with the University of Oslo, Norway.
The SEK 850 million bond has a five year term and was issued with SEB as sole bookrunner, SEB also acted as an advisor on the green bond framework.
Skanska AB may be required to disclose the information provided herein pursuant to the Securities Markets Act. Skanska is one of the world’s leading project development and construction groups with expertise in construction, development of commercial and residential projects and public-private partnerships. Based on its global green experience, Skanska aims to be the clients' first choice for Green solutions. The Group currently has 57,000 employees in selected home markets in Europe, in the US and Latin America.
Headquartered in Stockholm, Sweden and listed on the Stockholm Stock Exchange, Skanska's sales in 2013 totaled SEK 136 billion.
This and previous releases can also be found at www.skanska.com
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