Handelsbanken, the Nordic bank that also counts the UK as one of its ‘home’ markets with over 200 branch teams, has issued a 5-year green unsecured senior bond valued at €500m
The bond was issued under the bank’s Green Bond Framework – the framework has obtained the highest possible rating from Cicero’s Centre for International Climate Research, the bank said.
The funds raised will be used to lend to “clearly definable investments that lead to low carbon dioxide emissions and a climate-sustainable future”.
Examples cited by the bank include clean transport, sustainable forest management, green buildings, renewable energy and sustainable water management.
The bond was three times oversubcribed.
Handelsbanken’s move follows those of other issuers across Europe, who are tapping into this growing area of fixed income markets.