fbpx

JOOL closes SEK 105 million green bond tap issue (total issued volume SEK 605 million) for Advanced SolTech Sweden AB

JUN 1, 2020

 

Issue amount: 100 MSEK

Interest rate: 9 % p.a.

Maturity date: 25th January 2023

Product: Green Corporate Bonds

**********

The 100 MSEK bond tap issue for Advanced SolTech Sweden AB has been fully subscribed.

The bond tap issue has a floating interest rate starting at 9 % p.a. with a 3-months IBOR component, with quarterly payments and maturity in January 2023.

The net proceeds will be used to finance construction of new solar power facilities within ASAB´s green bond framework.

The bond is listed on Nasdaq First North Sustainable Bond Market.


*********

JOOL Corporate Finance AB acted as Corporate Finance advisor, Roschier Advokatbyrå AB acted as legal advisor to Swedish law, AnJie Law Firm as to the laws of China. Intertrust (Sweden) AB acted as bond trustee.