Sweden: Stenvalvet issues SEK500m green bond

Fastighets AB Stenvalvet, a community services property management company, has issued a SEK500m (US$45m) three-year green bond. The unsecured bond pays floating interest rate of 3-month Stibor + 2.65% and was issued from Stenvalvet’s MTN program and green financing framework. Bond proceeds will be used to refinance maturing debt. In connection with the exercise, some…