Husqvarna Group issues its first green bond
HUSQUARVA AB S/ADR (HSQVY)
NASDAQ:AMEX Investor Relations:
husqvarnagroup.com/en/ir
Company Research
Source: PR Newswire
STOCKHOLM, March 11, 2024 /PRNewswire/ -- Husqvarna Group has successfully placed a green SEK-denominated 1 750 million 3-year bond. The bond was issued under Husqvarna Group's Medium Term Note Program (MTN). The issuance followed a well-attended road show, where Husqvarna Group presented its business strategy and how it is linked to the Company's ESG targets.With this transaction, Husqvarna Group extends its footprint in the Swedish bond market, and the proceeds will be exclusively allocated to investments in low-carbon products and solutions."The issuing of this green bond confirms the market confidence in Husqvarna Group's long-term competitiveness and in our sustainable value creation. The proceeds raised will support our investments in products and solutions contributing to a low-carbon economy", says Terry Burke, CFO at Husqvarna Group.Husqvarna Group's Green Finance Framework enables the Company to issue green bonds and other green financing instruments. The proceeds will be ex
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