141 0 Kommentare Kojamo plc's offering of EUR 350 million green bond successfully priced under its EMTN programme

Kojamo Plc Stock Exchange Release 19 May 2021, at 5:30 p.m. EEST

Kojamo plc's offering of EUR 350 million green bond successfully priced under its EMTN programme

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Kojamo plc has successfully priced the offering of EUR 350 million senior unsecured green notes (the “Notes”) under its EMTN programme. The maturity of the euro-denominated Notes is 8 years, and the maturity date is 28 May 2029. The Notes carry a fixed annual coupon of 0.875 per cent. This is the first green bond issued by the company.

The Notes are issued under Kojamo plc's EUR 2,500,000,000 EMTN programme dated 23 March 2021 and supplemented on 13 May 2021. Kojamo plc will apply for listing of the Notes on the official list of Euronext Dublin and for their admission to trading on the regulated market in question. The EMTN programme has been rated Baa2 by Moody’s, reflecting Kojamo’s long term issuer rating of Baa2 with stable outlook.

The proceeds of the issuance of the Notes will be used by Kojamo plc for the financing or refinancing investments that promote energy efficiency of buildings in accordance with the company’s Green Finance Framework. The Framework links the company’s sustainability targets and climate actions with the company’s investments and their financing. The Framework will be applied to the company’s investments that promote the transition towards sustainable and low-carbon economy, focusing on energy efficient buildings and improving their energy efficiency, as well as to projects increasing the production of renewable energy, promoting clean transportation or improving waste management. The Framework is available on the company’s website at https://kojamo.fi/en/investors/financial-information/financing-and-bon ....

“I’m pleased that Kojamo’s first green bond has attracted strong investor interest. The issuance provides strong evidence of the connection between our sustainability work and Kojamo’s business and its financing”, says Chief Financial Officer Erik Hjelt.