Press releaseDecember 09 2020

Kungsleden continues to issue green bonds

During its MTN program, Kungsleden has increased an existing green bond by SEK 300 million. The bond was issued at a rate of 100.615% which corresponds to a margin above Stibor of 1.30%. The bond has a fixed coupon of 1.51% and has a final maturity date in December 2024.

The interest from investors to invest in Kungsleden's green bonds has during the year been great and in the current year we have issued a total of SEK 2.3 billion in green bonds with the majority on longer maturities of 5 to 6 years. The share of green financing of the total loan portfolio has increased from 27% to 38% after the last issue.

During the autumn, Kungsleden decided on new ambitious climate targets. As the first real estate company in Sweden, Kungsleden has adopted the goal of becoming climate positive in the entire value chain by 2035, with the interim goal to become climate positive in property and facility management by 2025.

"Our entire organization works dedicatedly to achieve our high climate goals. We are convinced that the work currently underway will strengthen Kungsleden's competitiveness and during the autumn we have begun the work on updating the framework for green bonds with the aim of further clarifying our high sustainability ambitions," says Ylva Sarby Westman, Deputy CEO and CFO at Kungsleden.

For more information, please contact:

Ylva Sarby Westman, Deputy CEO and CFO Kungsleden | +46 70 690 65 97 | ylva.sarby.westman@kungsleden.se

Anna Trane, Head of Corporate Communications Kungsleden | +46 708 84 74 69 | anna.trane@kungsleden.se

 

About Kungsleden. We are people that create places and experiences for people. By developing and managing attractive and sustainable places, we offer people a better and more inspiring work experience. We are a long-term property owner focused on commercial properties in Sweden’s growth regions. As of 30 September 2020, we owned 211 properties with total value of SEK 39,872 million. Kungsleden (KLED) is listed on the Nasdaq Stockholm Large Cap. Read more at www.kungsleden.se    

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Anna Trane

Kommunikationschef

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