التكنولوجيا وأخبارها بوابة الإمارات لتكنولوجيا المعلومات والإتصالات
Ericsson (NASDAQ:ERIC) has successfully placed a green Euro-denominated 500 million 4.5-year bond.
The bond was issued under Ericsson’s Euro Medium Term Note Program (EMTN).
The issue follows a well-attended road show, where Ericsson presented its business strategy and how it is linked to the Company’s ESG targets.
With this transaction, Ericsson extends its footprint in the Eurobond market, one
of the world’s largest corporate bond markets, and the proceeds will be
exclusively allocated to investments in energy efficiency.
Carl Mellander, Ericsson’s CFO, says: “The successful placement of this green bond
confirms the market confidence in Ericsson’s long-term competitiveness and
in our strong sustainability ambitions.
Issuing the bond is a direct consequence of our work to fully integrate
sustainability into our finance operations, including last year’s launch of our Green
Financing Framework.
The proceeds raised will support R&D investments in enhanced energy
performance in both existing and future solutions.
This will strengthen operators’ competitiveness and enable further
societal climate action through solutions made possible by mobile connectivity.”
Ericsson’s Green Financing Framework enables the Company to issue green
bonds and other green financing instruments.
The proceeds will be exclusively allocated to investments in energy
efficiency and renewable energy.
The framework was developed in accordance with the 2021 ICMA Green
Bond Principles (GBP).
CICERO Shades of Green, a leading global provider of assessments related to green
and sustainable financing, and part of S&P Global since December 2022, acted as second party opinion provider.
Joint bookrunners were Citi, Credit Agricole CIB, Danske Bank, Deutsche Bankand SEB.
