2024-11-01
Nivika contemplates to issue new senior unsecured green bonds
NOT FOR DISTRIBUTION IN OR TO THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN OR TO ANY U.S. PERSON (AS DEFINED IN REGULATION S OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED) OR IN ANY OTHER JURISDICTION WHERE IT IS UNLAWFUL TO PUBLISH OR DISTRIBUTE THIS PRESS RELEASE
Nivika Fastigheter AB (publ) ("Nivika" or the "Company") has mandated Danske Bank A/S, Danmark, Sverige filial ("Danske Bank") and Nordea Bank Abp ("Nordea") to act as arrangers and joint bookrunners to evaluate the conditions for issuing senior unsecured green floating rate bonds in an expected amount of SEK 400 million under a total framework of SEK 800 million and with a contemplated maturity of 3.25 years (the "Green Bonds" and the “Green Bond Issue”). Subject to market conditions, a capital markets transaction may follow.
In connection with the Green Bond Issue, the Company launches a new green financing framework (the “Framework”) on which Danske Bank has acted as the sole green structuring advisor. The Framework has received a second-party opinion from Sustainalytics, verifying its credibility, impact and alignment with the ICMA Green Bond Principles (2021) and the LMA/APLMA/LSTA Green Loan Principles (2023).
Danske Bank and Nordea have been mandated to act as arrangers and joint bookrunners in connection with the issue of the Green Bonds. Advokatfirman Cederquist KB is acting as legal counsel to the Company in connection with the Green Bond Issue.
