Electrolux issues Green Bond loans


STOCKHOLM, February 24, 2022 /PRNewswire/ — Electrolux today issued two bonds under its Green Bond Framework, raising a total amount of 2 billion Swedish crowns to finance investments and other projects with environmental benefits.

“We continue to link our ambitions in terms of sustainable development to our financing strategy with this issue of green bonds. This reflects our commitment to continue to be an industry leader in sustainability and confirms our sustainability credentials,” says Vanessa ButaniVice President of Sustainability at Electrolux.

Bonds are issued on February 24, 2022 with maturity on February 24, 2027. One of the bond issues, for an amount of 750 million Swedish crowns, is issued at a fixed rate and bears a coupon of 1.705% per annum. The other bond issue, for an amount of 1,250 million Swedish crownshas a variable interest rate.

The bonds are issued under Electrolux’s Euro Medium Term Note (EMTN) program and Electrolux’s Green Bond Framework. Proceeds from the bond will be used to finance or refinance eligible “green assets” as defined in the framework.

The bonds will be listed on the Luxembourg Stock Exchange.

Detailed information on the bond loan and the terms of the issue are available here on the Group’s website. Learn more about Electrolux’s Green Bond Framework here.

CONTACT:

For more information, please contact the Electrolux press hotline, +46 8 657 65 07.

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https://news.cision.com/electrolux/r/electrolux-issues-green-bond-loans,c3513046

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SOURCEElectrolux

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