Mining equipment maker Epiroc has issued SEK2 billion (US$188 million) worth of green five-year bonds via the Euronext Dublin exchange under its Euro Medium Term Note (EMTN) program
The Swedish company said bond proceeds would be used to finance projects in accordance with its recent published Green Bond Framework, including its battery-electric machine and diesel-to-battery conversion activities.
Nordic banks SEB and Nordea acted as joint lead managers for the transaction and SEB was advisor to Epiroc on development of its Green Bond Framework.
“Epiroc plays a vital role in the transition to a low-carbon society,” said Epiroc CFO, Hakan Folin.
“This new financing will support us as we continue our sustainability journey and invest in innovative products and technologies that make our customers’ and our own operations more sustainable.”