Stockholm-listed Catella announced a new program for issuing debt securities (MTN program) with a total value of up to SEK 3 bn (€262 mln).
The MTN program allows for the issuance of senior unsecured regular bonds or green bonds with maturities of at least one year.
The basic prospectus has been approved by the Swedish Financial Supervisory Authority (Finansinspektionen).
Catella also established a green finance framework (Green Bond Framework) aligned with the International Capital Markets Association's (ICMA) Green Bond Principles.
This framework outlines the requirements for issuing green bonds that are used to finance environmentally friendly projects. The framework has been independently evaluated by S&P Global Ratings.
The green finance framework and its associated governing documents and reporting standards have been assigned a Light Green under the S&P Shades of Green framework. The net proceeds from the issuance of green bonds under this framework will be allocated towards the financing or refinancing of eligible green projects focusing on green buildings, renewable energy, and energy efficiency initiatives.
Nordea Bank is the arranger of the MTN program and, together with DNB Bank, act as dealers. Law firm Cederquist advised Catella on establishing the program, while DNB and Nordea also helped design the Green Bond Framework.
