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Danske Bank acted as a joint bookrunner on SATOs first green bond of EUR 350m

We congratulate SATO Corporation on the issuance of their first green bond. SATO is one of Finland’s leading lessors of rental apartments, and has invested greatly in energy efficiency for all homes and properties, aiming to be carbon neutral by 2030 on the account of the energy consumption of its properties. 

The net cash proceeds will be used for financing and/or refinancing of Eligible Green Assets as per SATO’s Green Finance Framework.

The unsecured EUR 350m bond has a maturity of over seven years, and will bear an annual fixed coupon of 1.375 per cent. 

Danske Bank is proud to have acted as a joint bookrunner on the transaction and take part in SATO’s sustainable journey.

Fact book

Transaction Terms 

Issuer: SATO Oyj (SATOYH)

Issuer/Issue Rating: BBB (S&P)

Trade Date:  17 September 2020
Maturity Date: 24 February 2028 

Size: EUR 350m

Coupon: 1.375% (annual, first short coupon)

Danske Bank's role: Joint Bookrunner

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