STOCKHOLM, September 14, 2022 /PRNewswire/ — Boliden has issued green bonds totaling 2 billion Swedish crowns under the company’s MTN program with respective maturities of three and five years. The funding will support expansion investments at Odda with the aim of increasing zinc production with a low climate footprint.
“Interest in our first green bonds has been very high, which in itself is proof of the importance of metals for the climate transition and of Boliden’s position as a sustainable metals producer,” says Håkan Gabrielsson, CFO of Boliden.
Today, Boliden is the industry leader in the extraction and production of metals with a low climate footprint. The goal is also to reduce carbon dioxide intensity by a further 40% until 2030, with 2012 as the base year. Yesterday, for the first time, Boliden issued green bonds for a total of 2 billion Swedish crowns in an effort to support Boliden’s climate change ambitions.
The financing will be used to expand the Odda zinc smelter in Norway. Odda is already one of the most climate-efficient zinc smelters in the world today, and the expansion means that more of the growing demand for zinc, including increased energy production non-fossil, can be satisfied responsibly.
For an investment project within Boliden to be eligible for Green Bond financing, approval from the company’s Sustainable Finance Committee is required and all conditions set out in Boliden’s Green Finance Framework are met. . The CICERO Shades of Green framework and second opinion are available at https://www.boliden.com/investor-relations/financials/debt-structure.
The bonds were issued under Boliden’s MTN program and have maturities of three years variable interest and five years fixed interest and will be listed on the bond list of Nasdaq Stockholm. DNB Markets was the organizer.
For more information, please contact:
Klas NilssonGroup Communications Director, tel. : 070 – 453 65 88, [email protected]
This information was brought to you by Cision http://news.cision.com
The following files are available for download: