Lantmännen plays a central role in Swedish food production and in the transition to more carbon dioxide-efficient and sustainable agricultural and food industry. To finance initiatives with clear sustainability benefits, a new green framework has been created and a new green bond has been issued. The framework has been reviewed by a third party, Cicero Shades of Green, to ensure that it complies with international principles for sustainable financing.
“Sustainability is deeply rooted in Lantmännen’s DNA, and we have the ambition to integrate a green perspective into everything we do. We have reduced our climate impact since 2009, and have set up ambitious goals for sustainability efforts in the years to come – both for our own production and for Swedish agriculture. With our new green framework and the green bond, we can mobilize the capital we need to drive this agenda. Our strong sustainability profile and the green bond gives us the market’s very best conditions,” says Christian Johansson, CFO at Lantmännen.
The new bond was issued on April 20, and exceeded expectations: the order book quickly grew to SEK 3.3 billion, an oversubscription of more than three times. Closures were made at a volume of SEK 1 billion with a term of five years, the issue was divided into 150 MSEK fixed annual interest 1.115%, price 100,000% and 850 MSEK variable interest 3 m Stibor +0.78%, price 100,000%. Leading banks in the bond issue were Danske Bank and SEB.
For more information, please contact:
Senior Vice President & Group CFO
Education: B.Sc. (Business Administration), Stockholm University and INSEAD Certificate in Global Management, Insead Business School, Fontainebleau (France)
Directorships: Board of the School of Business, Economics and Law, University of Gothenburg