Substantial interest when Hemsö issued first Sustainability Bond in the Nordic region
Hemsö is the first Nordic company to issue a Sustainability Bond. The issue amount is SEK 1,000 million. The market responded strongly to the transaction and in just over two hours, the order book was about SEK 2,000 million.
Hemsö’s Sustainability Bond has a five-year maturity, and comprises a loan of SEK 700 million with a variable interest rate of three months STIBOR plus 1.15%, and a loan of SEK 300 million with a fixed annual interest rate of 1.375%. The proceeds will be used to finance three sustainability projects:
- Hemsö’s recently and totally renovated school and nursing home property, Grenverket (Lund Klostergården 2:9), and the soon-to-be completed life science property, Technology for Health (Huddinge Medicinaren 23). Both of the buildings have received “Silver” certification according to the Swedish scheme Miljöbyggnad (Sweden Green Building Council’s certification system).
- Hemsö’s investment in the outdoor environment of the Grenverket property (described above). The design of Grenverket’s outdoor environment is based on research from the Swedish University of Agricultural Sciences and aims to reduce stress and subsequently improve the learning abilities of students and other visitors.
- Transition project, in which some of Hemsö’s existing properties have been converted to refugee housing to meet the emergency accommodation needs of municipalities due to the sharp increase in migration.
Under the terms of the recently established framework for Sustainability Bond, Hemsö is to report how the proceeds are used on an annual basis. Handelsbanken has served as Hemsö’s advisor when establishing the sustainable terms, while Danske Bank and Handelsbanken have implemented the transaction jointly.
For further information, please contact:
Per Berggren, CEO +46 (0)8-501 170 01
Eva Bång, CFO +46 (0)8-501 170 55
Rutger Källén, Head of Finance +46 (0)8-501 170 35
This is the type of information that Hemsö Fastighets AB is obligated to disclose pursuant to the Securities Market Act. The information was submitted for publication on 30 May 2016 at 8:00 a.m.
This is a translation of the original Swedish language press release. In the event of any discrepancies, the original Swedish wording shall prevail.