Sweden's Corem Property Group has achieved sustainability by issuing €1 bn in senior unsecured green bonds.
These New Green Bonds represent the company's first offering under its new Green Finance Framework.
The 2.25-year bonds carry a floating interest rate of three months STIBOR plus 375 basis points and mature in May 2026.
Strong investor demand from both institutional and retail investors led to an oversubscribed offering.
The proceeds will be used for green building projects, energy efficiency initiatives, and refinancing existing debt.
This is Corem's first bond offering in over two years.
The bonds will be listed on the Nasdaq Stockholm sustainable bond list.
Nordea and Swedbank acted as joint bookrunners, while Swedbank provided structuring advice and Walthon served as legal counsel.
Corem's Green Finance Framework allows for financing or refinancing green buildings, investing in energy efficiency, and redeeming outstanding bonds.
