SEB issues first green bond
The bank said that although the issue is its debut, it has facilitated issuance of US$13.8bn worth of green bonds for other market players since 2008.
The bank said that although the issue is its debut, it has facilitated issuance of US$13.8bn worth of green bonds for other market players since 2008.
Sweden’s SEB has issued its first green bond of €500m, which it said will go to green initiatives. Although this is its debut issue the Nordic bank has been a leader in the development of the global market for green bonds: it created the first green bond with the World Bank in 2008 and since then has facilitated the issuance of green bonds for other market players for the value of US$13.8bn (€13.0bn).
SEB added that the new issue marks the opening a separate stream for green financing that spans the entire chain from the bank’s own financing in global capital markets to each individual loan. These green loans will initially be offered to large companies and institutions, municipalities, county councils and housing associations. “We strengthen our environmental dialogue with customers through, alongside traditional financial issues, conducting dialogue about environmental issues in a more systematic way,” said Joachim Alpen, co-head of large corporates and financial institutions. “This helps to strengthen and deepen relations with both borrowers and investors.”
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