Advanced SolTech Sweden AB (publ), a subsidiary of SolTech Energy Sweden AB (publ), has on March 21, 2019 – on Nasdaq First North Sustainable Bond Market listed its first institutional green bond, SOLT5, issued in January 2019. The proceeds from the bond issue will be used to finance rooftop solar power facilities in China.
The bonds matures in January 2023 and have a floating coupon of initially 9% p.a., with quarterly coupon payments and a maximum issue volume of SEK 1500 million. JOOL Markets AS acted as Sole Manager and Bookrunner in the bond issue, Roschier law firm and AnJie law firm acted as legal advisors and Intertrust (Sweden) AB as bond trustee. The first day of trading was March 21st, 2019.
Ola Nilsson, Head of Corporate Finance Sweden at JOOL Markets, comments:
“Arranging and contributing to the listing of Advanced SolTech Sweden’s green bond issue represents a significant milestone for JOOL. Green bonds have rapidly emerged as an important source of funding in order to mobilise the financial markets for climate change solutions. Our bond market expertise and our partnership to the Climate Bonds Initiative lets us play a leading role in providing Nordic issuers and investors with access to the green bond markets.“
JOOL Markets is an independent Nordic investment bank with a leading position in corporate bonds and fixed income instruments within NOK 30-200 million. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.
JOOL Markets was established in 2015 and is a part of the JOOL Group.