A 500 million Euro-denominated 4.5-year bond issued by Ericsson (NASDAQ:ERIC) has been successfully placed. It is Ericsson's Euro Medium Term Note Program (EMTN) that issued the bond. After a well-attended road show, Ericsson presented its business strategy and how it relates to its ESG objectives. The issue followed a well-attended road show.
In the course of this transaction, Ericsson will extend its footprint in the Eurobond market, one of the largest corporate bond markets in the world, and the proceeds of this transaction will be devoted exclusively to energy efficiency investments in the future.
In the words of Carl Mellander, the Chief Financial Officer at Ericsson, "The successful placement of this green bond confirms the confidence of the market in Ericsson's long-term competitiveness and in our strong sustainability ambitions.". This bond is a direct result of our efforts to fully integrate sustainability into our financial operations, including the introduction of our Green Financing Framework at the start of last year.. As a result of the proceeds raised, we will be able to invest in R&D investments that will enhance the energy performance of our existing and future products. Through solutions made possible by mobile connectivity, operators will be able to strengthen their competitive position and will be able to contribute to further societal climate action
Through solutions made possible by mobile connectivity, operators will be able to strengthen their competitive position and will be able to contribute to further societal climate action
The Ericsson Green Financing Framework provides Ericsson with the option of issuing green bonds and other green financing instruments. The proceeds will only be used to fund energy efficiency and renewable energy investments. The framework was developed in accordance with the 2021 ICMA Green Bond Principles (GBP). As a second party opinion provider, CICERO Shades of Green, a leading global provider of assessments related to green and sustainable financing, has been a part of S&P Global since December 20, 2022.
There were five joint bookrunners: Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank, and SEB.
On Ericsson's website, you can find the Green Financing Framework as well as the second party opinion.
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ABOUT ERICSSON: Ericsson provides solutions that enable communications service providers and enterprises to realize the full value of connectivity through our products and services. This company's portfolio spans a wide range of business areas, including Networks, Cloud Software and Services, Enterprise Wireless Solutions, Global Communications Platforms, and Technologies and New Businesses.. Our digital experience is designed to help our customers go digital, increase efficiency, and find new revenue streams as a result of it. As a result of Ericsson's innovation investments, billions of people across the globe have benefited from mobility and mobile broadband technologies. Stocks of Ericsson are listed on Nasdaq Stockholm as well as Nasdaq New York. Website: http://www..The Ericsson.The Company
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A green Euro-denominated 4.5-year bond worth 500 million has been successfully placed by Ericsson (NASDAQ:ERIC). The bond was issued under Ericsson's Euro Medium Term...
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