On 26 June, Nordea issued its first-ever Green Bond. The issuance was very well received by investors, including new groups of sustainability investors, and on the back of solid demand, Nordea managed to issue the EUR 500m 5-year bond at a more attractive price compared to Nordea’s normal senior unsecured bond issuances. In addition to providing cost-efficient funding, the Green Bond issuance is a natural step to manifest Nordea’s increased ambition level in the sustainability area.
“I am delighted to see a very tangible effort that shows our commitment to deliver on our sustainability agenda and work towards a greater good in line with our purpose”, says CEO Casper von Koskull.
A Green Bond represents a bond where Nordea, as an issuer, states that the use of the proceeds is to finance or refinance assets and loans that have positive environmental and/or climate impact, such as loans to customers with investments in renewable energy segments like wind and hydro. The Green Bond therefore enables our customers to demonstrate their sustainability approach also in financing.
