Norion Bank has issued its inaugural green bond
Norion Bank AB has issued an inaugural senior unsecured bond of SEK 700 million under its green bond financing framework.
Norion Bank AB has issued a green, senior unsecured bond of SEK 700 million. The bond has a two-year-tenor, with maturity in September 2026, and will be listed on Nasdaq Stockholm’s Sustainable Bond Market.
The proceeds will, in accordance with the bank's established green bond framework, be used to finance businesses that qualify under the framework's set criteria. The purpose is to finance green projects and activities such as sustainable buildings with high energy efficiency, sustainable transportation and adaptation to a circular economy.
– Focusing on financing solutions for medium-sized corporates, we want to contribute to sustainable growth in the Nordics. Being able to issue a green bond is a direct effect of our work to fully integrate sustainability into the bank’s operations, including the development of our green framework. This will strengthen the bank's competitiveness and accelerate further climate action through green financing, says Martin Nossman, CEO, Norion Bank.
Through the framework, Norion Bank is positioned to continue issuing green bonds to promote the UN's Sustainable Development Goals. The framework has been developed in accordance with the 2021 ICMA Green Bond Principles (GBP). ISS ESG provided a second party opinion of the framework. The green bond framework and second party opinion can be found on Norion Bank's website.
For more information, please contact:
Martin Nossman, CEO
Phone: +46 70 330 26 75
E-mail: martin.nossman@norionbank.se