Green Bonds
Updated framework 2024:
SBAB Group Green Bond Framework 2024
SBAB has decided on an updated Green Bond Framework based on the latest principles from ICMA and the language and criteria applied for green buildings within the EU Taxonomy. With the updated Green Bond Framework, SBAB continues to drive the development and the transition to more energy-efficient and climate-smart residential properties.
The Framework enables SBAB to issue green bonds under SBAB’s EMTN Programme as well as for SCBC to issue green covered bonds under SCBC’s EMTCN Programme.
The SBAB Group Green Bond Framework 2024 as well as a Second-Party Opinion from Sustainalytics are available for download below.
Updated framework 2019:
SBAB Group Green Bond Framework 2019
SBAB’s aim is to finance its green lending by way of green funding. As a step in that direction, SBAB, as the first bank in Sweden, successfully issued its first green bond in Mid-2016. By updating its Green Bond Framework, SBAB wish to offer investors further insight on SBAB’s sustainability strategy in line with SBAB’s commitments. It is important for SBAB to continue to promote, and offer investors the opportunity to support, the transition to a low carbon and climate resilient society by mitigating or adapting to climate change through the funding of green buildings and buildings which are or will become more energy efficient.
The SBAB Group Green Bond Framework 2019 enables (i) SBAB to issue notes in the form of green bonds under SBAB’s Euro Medium Term Note Programme (as amended from time to time) in force at the relevant issue date; and (ii) SCBC to issue covered bonds in the form of green bonds under SCBC’s Euro Medium Term Covered Note Programme (as amended from time to time) in force at the relevant issue date.
The SBAB Group Green Bond Framework 2019 as well as a Second Opinion from CICERO (Center for International Climate and Environmental Research - Oslo) are available for download below.
Green senior preferred bond (May 2020)
Green senior non-preferred bond (June 2019)
On 13 June 2019, SBAB issued a green senior non-preferred bond amounting to SEK 3,000,000,000 with a maturity of 5 years. The issuance is a part of SBAB’s ambition to be a recurring issuer in the market for green bonds. Furthermore, the issuance is a step towards fulfilling the Swedish National Debt Office's MREL requirement until the end of 2021.
Green covered bond (January 2019)
On 23 January 2019, the SBAB Group became the first institution in Sweden to issue a green covered bond backed by residential mortgages and property loans. The issue totalled SEK 6,000,000,000 and investors demonstrated keen interest.
SBAB Green Bond Framework 2016
In 2016, SBAB developed a Green Bond Framework in order to issue senior unsecured notes in the form of Green Bonds under SBAB’s EUR 13,000,000,000 Euro Medium Term Note Programme (EMTN). The Green Bond Framework, a Second Opinion from CICERO (Center for International Climate and Environmental Research - Oslo) and the latest Green Bonds Impact Report is available for download below.
Green bond (October 2017)
On 4 October 2017, SBAB issued a new Green Bond. The bond is in unsecured format, amounts to SEK 1,750,000,000 and has a maturity of 5 years.
Green bond (June 2016)
On 16 June 2016, SBAB became the first bank in Sweden to issue a Green Bond. The bond is in unsecured format, amounts to SEK 2,000,000,000 and has a maturity of 5 years.
Listing of SBAB's Green Bond on the London Stock Exchange 2016:
