Husqvarna raises EUR 157m in debut green bond issue

Swedish outdoor equipment maker Husqvarna (STO:HUSQ-B) said today that it has raised SEK 1.75 billion (USD 171m/EUR 157m) in its first-ever green bond issue, securing funds for investments in low-carbon products and solutions.

The three-year bond was issued under the company’s Medium Term Note Program (MTN). It was arranged by SEB, Danske Bank and Swedbank as joint bookrunners, according to a press statement.

The transaction comes as part of Husqvarna’s Green Finance Framework for investments in low-carbon products and solutions, green buildings, clean transportation and renewable energy.

The Swedish firm has adopted sustainability as a core aspect of the group’s strategy. Last year, US irrigation solutions provider Hydro-Rain, part of Husqvarna’s Gardena gardening division, announced it has shifted entirely to renewable power.

(SEK 10 = USD 0.979/EUR 0.896)

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