Congratulations to Bonava on their inaugural SEK 1bn green bond! As a leading Swedish residential developer of sustainable and affordable housing in Northern Europe, proceeds from the first green bond will be used to develop housing in Sweden and Denmark certified according to the Nordic Swan Ecolabel.
Danske Bank is proud to have acted as joint bookrunner and green structuring advisor, and help Bonava meet their ambitious climate targets. Bonava was the first residential developer in Northern Europe to adopt emissions reductions targets validated by the Science-Based Targets initiative, meaning that Bonava’s climate targets for 2030 are aligned with IPCC’s recommendation to limit global warming to 1.5 °C.
Danske Bank is proud to have acted as joint bookrunner and green structuring advisor, and help Bonava meet their ambitious climate targets. Bonava was the first residential developer in Northern Europe to adopt emissions reductions targets validated by the Science-Based Targets initiative, meaning that Bonava’s climate targets for 2030 are aligned with IPCC’s recommendation to limit global warming to 1.5 °C.
Fact box:
Transaction Terms
Issuer: Bonava AB (publ)
Issuer rating: Unrated
Status: Senior Unsecured
Launch Date: 4 September 2020
Maturity Date: 11 March 2024
Size: SEK 1bn
Coupon: 3m Stibor+350bps, Act/360
Listing: Nasdaq Stockholm
Danske Bank's role: Joint Bookrunner