Baseload Capital issues green bond of SEK 500 million
Baseload Capital has issued its first green bond. In total, SEK 500 million has been raised to finance low temperature geothermal geothermal power globally.
Baseload Capital has issued a SEK denominated senior secured green bond under its green bond framework. The bond is the first one in Sweden focused on low temperature geothermal geothermal power.
- The response, interest in and support from investors for what we are doing has been extremely positive. It is clear that the investors who have chosen to participate in our bond want to play an active role in changing the energy landscape from brown to green, says Alexander Helling, CEO of Baseload Capital.
The proceeds from the bond will be used to invest in and develop low temperature Heat Power plants in specific markets. Heat Power plants generate renewable electricity from geothermal 24/7.
-Each Heat Power plant will significantly reduce greenhouse gases and support the local community with a sustainable baseload power, says Pernilla Wihlborg, COO of Baseload Capital.
The bond offering, which immediately attracted considerable interest, has been placed with Nordic institutional investors.
DNB Markets acted as advisor and lead arranger of the green bond.
For further information, please contact:
Alexander Helling, CEO, Baseload Capital
+46 73 772 4020
Pernilla Wihlborg, COO, Baseload Capital
+46 76 149 7060