By Marisa Wong
Los Angeles, May 12 – Loomis AB said it has issued SEK 1 billion of sustainability-linked bonds maturing on May 19, 2027.
The issue consists of SEK 650 million of floating-rate bonds with a coupon of three-month Stibor plus 195 basis points and SEK 350 million of fixed-rate bonds with a coupon of 4.923%.
Loomis has linked the bonds to the outcome of a sustainability performance target to reduce the company’s absolute carbon dioxide emissions by 20% by 2025, compared to the 2019 level.
Danske Bank and Nordea acted as joint bookrunners for the offering.
Proceeds will be used for general corporate purposes and to refinance loans.
The bonds will be listed on the Nasdaq Stockholm Sustainable Bond List.
The bonds are issued under the company’s recently updated medium-term note program and under its sustainability-linked financial framework.
In connection with the new issue, Loomis also has bought back SEK 174 million of its outstanding bonds due Sept. 18, 2023.
The cash handling company is based in Stockholm.
| Issuer: | Loomis AB
|
| Amount: | SEK 1 billion
|
| Issue: | Sustainability-linked bonds
|
| Maturity: | May 19, 2027
|
| Bookrunners: | Danske Bank and Nordea
|
| Announcement date: | May 12
|
|
|
| Floating-rate notes
|
| Amount: | SEK 650 million
|
| Coupon: | Stibor plus 195 bps
|
|
|
| Fixed-rate notes
|
| Amount: | SEK 350 million
|
| Coupon: | 4.923%
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
