’s debut green NOK bond sees strong demand in the second ESG-labeled bond issuance this year
Summary
The transaction marks MuniFins first green bond in the Norwegian market and its second ESG-labeled NOK trade of the year.The high-quality investor base showed significant interest from Norwegian domestic bank treasuries. The books built very quickly and were closed at a spread of +20 bps over 3-month Nibor.Congratulations to MuniFin on this successful inaugural green outing in the Norwegian market. The transaction is a true testament of MuniFins market access and an excellent addition to their currency pallet for green bonds. SEB is delighted to have been a part of MuniFins first-ever green bond in Norwegian Kroner, comments Axel Zetterblom, SSA Origination at SEB.We are excited to see our green customer finance grow in line with our Sustainability Agenda, allowing us to expand our green issuances into a new currency the Norwegian krone market. We extent our heartfelt thanks to our investors for their continued support, says Lari Toppinen, Senior Analyst at MuniFin.