SSAB AB has successfully issued its first green bonds under its EUR 2 bln (USD 2.31 bln) EMTN (Euro Medium-Term Notes) programme, dated June 25, 2025.
The offering included two five-year senior unsecured bonds totaling SEK 2.8 bln (USD 294 mln), maturing in November 2030. The floating-rate notes of SEK 2.25 bln (USD 236 mln) carry a coupon of 3m Stibor (Stockholm Interbank Offered Rate) + 1.12pct, while the fixed-rate notes of SEK 550 mln (USD 58 mln) offer a 3.565pct coupon. The bonds were well oversubscribed, reflecting strong investor confidence in SSAB’s sustainability strategy and credit profile.
Proceeds from the bonds will support green eligible projects under SSAB’s Green and Sustainability-Linked Finance Framework, including eco-efficient products, sustainable production technologies, and renewable energy initiatives.
This inaugural green bond marks a significant step in SSAB’s low-carbon transition, reinforcing its long-term goal of virtually eliminating CO2 emissions from its operations.
1 USD / 9.51 SEK / 0.86 EUR
