SEB teams up with Vestas to launch Denmark's first Sustainability Linked Bonds

Vestas and SEB have collaborated to issue EUR 1bn in Sustainability Linked Bonds (SLBs), where interest rates are dependent on how successful the company is at meeting climate goals.

SEB Head of Sustainable Banking Lars Eibeholm | Photo: PR/SEB

For the first time, a green bond has been issued on the Danish market where interest rates are tied to the company’s sustainability goals. This type of bond is known as a Sustainability Linked Bond, or SLB, and is a relatively new bond type.

Vestas issued two SLBs earlier this week with a total value of EUR 1bn. SEB acted as global coordinator and advisor.

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