Skandinaviska Enskilda Banken AB (SEB) issues EUR 1 billion green bond aimed at financing green loans, the bank’s second green bond issuance

Skandinaviska Enskilda Banken AB (SEB) issues EUR 1 billion green bond aimed at financing green loans, the bank’s second green bond issuance

(PRESS RELEASE) STOCKHOLM, 3-Feb-2022 — /EuropaWire/ — Skandinaviska Enskilda Banken AB (STO: SEB-A) (SEB), a Swedish financial group leader on the Nordic market, has announced the issuance of its second green bond the proceeds of which will be directed towards financing green loans. Through the bond issue the bank raised EUR 1 billion in accordance with SEB’s updated framework for green bonds.

Interest in the green bond, which was a 5.5-year senior non-preferred bond, was high, with a majority of the investors being European and Nordic financial institutions.

“We are very pleased with the high interest from investors in our second green bond. Our new framework is aligned with our customers’ needs and supports our strategic goal of increasing the share of sustainability-related financing,” says Hans Beyer, Chief Sustainability Officer at SEB.

In January, SEB updated its framework for green bonds to be more inclusive. For example, the framework has been expanded to more categories compared with the initial framework from 2016, meaning that loans for projects in support of biodiversity, transition to a circular economy and climate change adaptation can be included in the pool of green loans that are financed by the bond. The framework is now broadly aligned with the substantial contribution part of the technical screening criteria in the EU Taxonomy. You can read more about SEB’s updated green bond framework here.

For further information, contact:
Frank Hojem, Head of Corporate Communication
+46 70 763 9947
frank.hojem@seb.se

Press contact:
Niklas Magnusson, Group Press Officer
+46 70 763 8243
niklas.x.magnusson@seb.se

SEB is a leading northern European financial services group with a strong belief that entrepreneurial minds and innovative companies are key in creating a better world. We take a long-term perspective and support our customers in good times and bad. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services. In Denmark, Finland, Norway, Germany and the United Kingdom, the bank’s operations have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. The international nature of SEB’s business is reflected in our presence in more than 20 countries worldwide, with around 15,500 employees. At 31 December 2021, the Group’s total assets amounted to SEK 3,304bn while its assets under management totalled SEK 2,682bn. Read more about SEB at https://www.sebgroup.com

SOURCE: Skandinaviska Enskilda Banken AB