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Norion Bank has issued its inaugural green bond

Norion Bank AB has issued an inaugural senior unsecured bond of SEK 700 million under its green bond financing framework.

Norion Bank AB has issued a green, senior unsecured bond of SEK 700 million. The bond has a two-year-tenor, with maturity in September 2026, and will be listed on Nasdaq Stockholm’s Sustainable Bond Market.

The proceeds will, in accordance with the bank's established green bond framework, be used to finance businesses that qualify under the framework's set criteria. The purpose is to finance green projects and activities such as sustainable buildings with high energy efficiency, sustainable transportation and adaptation to a circular economy.

– Focusing on financing solutions for medium-sized corporates, we want to contribute to sustainable growth in the Nordics. Being able to issue a green bond is a direct effect of our work to fully integrate sustainability into the bank’s operations, including the development of our green framework. This will strengthen the bank's competitiveness and accelerate further climate action through green financing, says Martin Nossman, CEO, Norion Bank.

Through the framework, Norion Bank is positioned to continue issuing green bonds to promote the UN's Sustainable Development Goals. The framework has been developed in accordance with the 2021 ICMA Green Bond Principles (GBP). ISS ESG provided a second party opinion of the framework. The green bond framework and second party opinion can be found on Norion Bank's website.

For more information, please contact:
Martin Nossman, CEO
Phone: +46 70 330 26 75
E-mail: martin.nossman@norionbank.se

About Norion Bank
Norion Bank Group is a business-oriented Nordic financing bank. The Group’s brands – Norion Bank, Walley and Collector – offer customized financing solutions that meet distinct needs in three customer segments: medium-sized corporates and real estate companies, merchants, and private individuals. As a specialist in financing solutions, Norion Bank Group is a leading complement to traditional large banks, with a vision of being the leading Nordic financing bank in its chosen segments. 
  
Norion Bank offers corporate and real estate loans, as well as factoring for medium-sized corporates and real estate companies. The Walley brand offers flexible payment and checkout solutions to merchants and private individuals. The Collector brand offers personal loans and credit cards to private customers, as well as savings accounts to private individuals and companies. Norion Bank Group (formerly Collector Bank) was founded in 1999 and has offices in Gothenburg, Stockholm, Helsingborg, Oslo and Helsinki. Business is conducted through Norion Bank AB (public), which is listed on Nasdaq Stockholm.

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Norion Bank has issued its inaugural green bond

Datum 2024-09-10, kl 10:00
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Norion Bank has issued its inaugural green bond
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