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Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed

Press release -

Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed

Issue amount: 125 MSEK

Interest rate: 9 % p.a.

Maturity date: 25th January 2023

Product: Green Corporate Bonds

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The 125 MSEK (in SEK and EUR) bond tap issue for Advanced SolTech Sweden AB has been fully subscribed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond tap issue has a floating interest rate starting at 9 % p.a. with a 3-months IBOR component, with quarterly payments and maturity in January 2023.

The net proceeds will be used to finance construction of new solar power facilities within its Green Bond Framework. The bond tap issue is secured with pledge over shares and pledge over solar power facilities.

The bond is listed on Nasdaq First North Sustainable Bond Market.


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Roschier Advokatbyrå AB acted as legal advisor to Swedish law, AnJie Law Firm as to the laws of China. Intertrust (Sweden) AB act as bond trustee.

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JOOL is a Nordic debt house and a leading provider of corporate bonds for small and mid-sized companies.

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