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Gränges issues a SEK 600 million Green Bond
Gränges has successfully issued a five-year senior unsecured green bond of SEK 600 million under the company’s Medium-Term Note (MTN) program. The green bond is due in 2030 and carries a coupon rate of three-month Stibor plus 1.30 percent. The issuance attracted strong interest from investors, with an order book exceeding SEK 2.2 billion.
The proceeds from this green bond will be allocated to eligible green projects in line with Gränges’ Green Finance framework.
"This successful inaugural green bond issuance underscores our commitment to sustainability and highlights the confidence investors have in Gränges’ strategic direction", said Gränges’ CFO, Oskar Hellström.
Danske Bank and Handelsbanken acted as Joint Lead Managers on the transaction and Structuring Advisors on the Finance Frameworks.
Gränges published an updated Green Finance Framework on October 31, 2024. More information about the framework is available on Gränges’ website: https://www.granges.com/investors/credit-market/
For further information, please contact:
Sofia Hedevåg, SVP Sustainability
sofia.hedevag@granges.com, tel. +46 733 03 79 79
Oskar Hellström, CFO
oskar.hellstrom@granges.com, tel +46 8 459 59 00
Gustav Mårtensson, VP Treasury
gustav.martensson@granges.com, tel. +46 706 44 80 15
About Gränges
Gränges is a global leader in aluminium rolling and recycling in selected niches. We’re committed to creating circular and sustainable aluminium solutions in partnership with our customers and suppliers - for a better future. Our solutions help customers grow and transition to climate neutrality. They are used for efficient climate control in transportation and buildings, electrification and battery components, recyclable packaging, and more. Gränges has production facilities and conducts sales in the regions Americas, Asia, and Europe with 3,500 employees and a total annual production capacity of 800 ktonnes. The share is listed on Nasdaq Stockholm (GRNG). More information is available at www.granges.com.
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Gränges issues a SEK 600 million Green Bond