Swedavia raises SEK 2 billion through green bond issuance to support sustainable investments and operations

On 9 January, Swedavia issued SEK 2 billion in green bonds and repurchased SEK 822 million worth of bonds under its existing MTN programme. The green bonds align with Swedavia’s strategy to foster sustainable investments within its operations.

“We are pleased to start 2025 with a successful bond transaction. We are extending our capital tie-up period in a positive way and have raised funding for future bond maturities and green investments going forward,” says Kristina Ferenius, Swedavia’s CFO.

Details of the sustainable investments

The issuance is split into three tranches: one for SEK 1 billion with a fixed coupon of 3.30 per cent, reflecting a credit margin of 0.88 per cent and a maturity of 5.25 years; another for SEK 400 million with a variable rate of 3M Stibor + 0.88 per cent, also with a 5.25-year term; and a third tranche of SEK 600 million with a variable rate of 3M Stibor + 0.55 per cent, maturing in 3 years. Investor demand was strong, with a well-attended presentation and the order book being oversubscribed.

Swedavia strives to be an international role model in sustainability. This applies in particular to environmental issues, as climate change is an existential issue for the entire aviation industry. Swedavia is a world leader in the effort to transform its own operations at the airports we operate. Raising funding through green bonds is one way that Swedavia makes this work a priority.

“Swedavia is proud of the work we are doing in sustainable development, and by issuing additional green bonds, we secure funding for investments that contribute to the transition,” says Ferenius.

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