Last week, Nivika Fastigheter AB Fastigheter issued their inaugural SEK 300m green bond with Danske Bank acting as green structuring advisor and joint bookrunner. Nivika is a Swedish real estate company focusing on developing, acquiring and managing residential, commercial and public properties in Småland, Sweden.

The green bond will finance e.g. buildings with a high energy performance, wooden buildings and renovations, and measures that improve the energy efficiency of existing buildings. Danske Bank has helped Nivika develop their Green Finance Framework, which received a Medium Green Shading from the external reviewer CICERO Shades of Green.
Fact box

Transaction Terms 

Issuer: Nivika Fastigheter AB (publ)

Status: Senior unsecured green

Launch Date:  17 September 2020
Maturity Date: 24 September 2023

Size: SEK 300m

Coupon: 3mS+550bps, p.a., quarterly payments

Listing: Nasdaq Stockholm Sustainable Bond List

Joint Bookrunner: Danske Bank, SEB