First green bond listing arranged by JOOL Markets!
Mar 21, 2019
On March 21, Advanced SolTech Sweden AB (publ) listed its first institutional green bond, SOLT5, on the Nasdaq First North Sustainable Bond Market. JOOL Markets acted as Sole Manager and Bookrunner in the bond issue, with a floating coupon of initially 9% p.a., quarterly payments and a maximum issue volume of SEK 1500 million. Roschier, Attorneys Ltd. law firm and AnJie Law Firm acted as legal advisors and Intertrust Group as bond trustee.
The First North Sustainable Bond Market is a new marketplace launched by Nasdaq in order to meet increased issuer and investor demand for green bonds.
Ola Nilsson, JOOL Head of Corporate Finance Sweden, comments:
“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 SME issuers and investors with access to the green bond markets.“
JOOL Markets is an independent Nordic investment bank and a leading arranger of corporate bonds for small and mid-sized companies. JOOL Markets is seated in Oslo and employs more than 70 professionals working from our offices in Oslo, Bergen, Gothenburg, Stockholm and Helsinki.