Keen interest in Scania’s first Green Bond
By Jim Gibbins - 5th February 2021
Sweden – Scania AB of Södertälje, Sweden has issued its first green bond to raise capital to finance its transition to develop and manufacture zero emission vehicles. About 30 Nordic banks, insurance companies and pension fund managers participated. The bidding resulted in Scania raising loans totalling SEK1.25bn with a 4-year maturity for investments. Scania was granted approval for its green bond scheme at the end of 2020.
Johan Haeggman, chief financial officer at Scania said: “The interest in our green bond confirms the financial community’s willingness to enter into the partnerships needed to phase out fossil dependence in the world. It also confirms the financial community’s confidence in our work to drive the transition to a sustainable transport system.”
