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Swedish steelmaker SSAB has issued its first-ever green bonds, raising SEK 2,800 million to support its long-term shift toward low-carbon and fossil-free steel production.
The issue comprises two senior unsecured bonds, both maturing in November 2030—a floating-rate note of SEK 2,250 million priced at 3M Stibor + 1.12%, and a fixed-rate note of SEK 550 million with a 3.565% coupon. The offering was strongly oversubscribed, reflecting robust investor demand for SSAB’s sustainability strategy.
Proceeds from the issuance will be channelled into eco-efficient steel technologies, renewable energy projects, and upgrades that reduce emissions across SSAB’s production system. These investments fall under the company’s Green and Sustainability-Linked Finance Framework.
SSAB said the green bond debut marks a key milestone in aligning its capital structure with its ambition to eliminate CO₂ emissions and lead the global transition to fossil-free steelmaking.
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