Skip to content
Placement of a green bond issue for Advanced SolTech Sweden AB successfully completed

Press release -

Placement of a green bond issue for Advanced SolTech Sweden AB successfully completed

Issue amount: SEK 170m

Interest rate: 9 % p.a.

Maturity: 48 months

Product: Green Corporate Bonds


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.

The net proceeds will be used to acquire a portfolio of roof-top solar power facilities, 24 MW.

The bond issue is senior secured and are JOOL Markets first arranged green bond transaction. 

Roschier Advokatbyrå AB acted as legal advisor and Intertrust (Sweden) AB as bond trustee.

Tom Olander, co-founder of the JOOL Group, comments: 

”Completing our first green bond issue represents a significant milestone for JOOL. Green bonds are growing rapidly as a source of funding within a large and expanding number of industries. Our existing focus and expertise within the bond markets, in combination with our partnership to the Climate Bonds Initiative, allows us to play a leading role in providing small and midsized Nordic issuers with access to the green bond market going forward.”



About JOOL Markets AS

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.

Related content

Welcome to JOOL Group!

About the JOOL Group

The JOOL Group is a family owned corporate group, rooted in Swedish industrial tradition. With our main activities in the financial services, paper, timber and tech industries, our passion is entrepreneurship – both our own and that of others. Our philosophy is to be active and long term owners, developing businesses through a combination of entrepreneurial spirit and common sense.

JOOL Group
Södra Hamngatan 19-21
41114 Göteborg