Press release - 28 November 2019 15:36

JOOL closes SEK 505 million green bond issue for Advanced SolTech Sweden AB

Tap issue amount: SEK 100 m

Full issue amount: SEK 505 m

Interest rate: 9 % p.a.

Maturity date: 25th January 2023

Product: Green Corporate Bonds

**********

The successful placement of a SEK 100 m (in SEK and EUR) tap issue concludes the green bond issue for Advanced SolTech Sweden AB, establishing the full issue amount at SEK 505 million. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue.

The bond 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 the Green Bond Framework. The bond issue is secured with pledge over shares and pledge over solar power facilities.

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

Tom Olander, JOOL Group CEO and co-founder, comments:
“We are delighted to have arranged over SEK 500 million of green bond financing for Advanced SolTech Sweden AB during 2019. We see a large and increasing demand for sustainable high yield investments among our investor base, and we look forward to continue meeting this demand in the future. Historically, the green bond market has been accessible primarily for large corporates and governments. Specializing in the SEK 30-200 million segment, we are proud to help bring the green financing alternative to a new category of issuers. Closing this transaction establishes JOOL as pioneers within green bond financing for Nordic SME companies.”

*********

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

Topics

About JOOL

The JOOL Group is a family-owned corporate group, rooted in Swedish industrial tradition. Our passion is entrepreneurship - both our own and that of others. We match companies in need of growth funding with financially strong investors and institutions. Specializing in debt financing and fixed income investments, JOOL has emerged as market leader in DKK 30-200 M Nordic corporate bonds.

www.joolgroup.com

JOOL Group

Related content

27 September 2019 15:22
Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed

The 125 MSEK 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.
7 June 2019 10:40
Så blir du också en del av den gröna marknaden

I takt med att miljömedvetenheten ökar bland investerare och företag, växer även marknaden för gröna obligationer explosionsartat. Det som gör gröna obligationer så speciella och populära är att de enbart finansierar projekt med hållbara ändamål. "Detta är finansvärldens sätt att bidra till FN:s klimatmål. Det finns en stor trend bland investerare att vilja vara med och påverka"
20 May 2019 10:03
Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed

The 110 MSEK 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.
21 March 2019 15:44
JOOL contributes to first bond listing on the Nasdaq First North Sustainable Bond Market

Arranging and contributing to the listing of Advanced SolTech Sweden’s green bond issue represents a significant milestone for JOOL. 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.
31 January 2019 13:38
Placement of a green bond issue for Advanced SolTech Sweden AB successfully completed

The SEK 170m (in SEK, NOK and EUR) bond issue for Advanced SolTech Sweden AB has been successfully completed. JOOL Markets AS acted as Sole Manager and Bookrunner for the bond issue. The bond 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.
6 September 2018 15:51
JOOL Markets partners with Climate Bonds Initiative

JOOL Markets has strengthened its position in the Green & Climate Bonds market by joining the Climate Bonds Initiative (CBI) Partners Program as of September 1, 2018. The current Climate Bonds Initiative Partners include several banks, institutional investors, bond issuers and asset managers.
1 June 2020 16:54
Placement of a green bond tap issue for Advanced SolTech Sweden AB fully subscribed

Issue amount: 100 MSEK
Interest rate: 9 % p.a.
Maturity date: 25th January 2023
Product: Green Corporate Bonds
**********
The 100 MSEK bond tap issue for Advanced SolTech Sweden AB has been fully subscribed.
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 Januar
4 June 2020 08:33
JOOL has raised over SEK 600 million of green bonds

JOOL has raised over SEK 600 million of green bonds! Despite COVID-19, there is still investor demand for climate bonds and the future remains promising for companies looking to finance sustainable projects. What makes a bond green? A corporate bond is a debt instrument and a loan made by an investor to a borrowing company. With a “green” bond, the proceeds have been specifically earmarked...
9 December 2019 13:18
JOOL raised half a billion SEK of green bonds in 2019

The past year has seen continued acceleration in global green bond issuance and the future remains promising for companies looking to finance sustainable projects. JOOL specializes in providing small and mid-sized issuers with access to the green bond market. In 2019, the company has raised over SEK 500 million of green bond financing.