Statkraft signs PPA to power Finland's Wihuri with renewables
Sep 19, 2024 10:54 CESTFinnish process technologies provider Valmet Oyj (HEL:VALMT) has raised EUR 200 million (USD 217.4m) through the sale of senior unsecured green notes, marking the inaugural bond issued under the company’s newly established Green Finance Framework.
“The issuance of a green bond not only diversifies our funding sources but is also in line with our mission: Converting renewable resources into sustainable results,” Valmet's CFO Katri Hokkanen said in a statement on Wednesday.
The notes, allocated to 42 investors, carry a fixed annual interest of 4.0% and are set to mature in five years on March 13, 2029. Danske Bank A/S and Nordea Bank Abp acted as joint lead managers for the transaction.
Valmet noted further in the press statement that it will apply to have the notes listed on the list of sustainable bonds of Nasdaq Helsinki Ltd.
With more than 19,000 employees across the world, Valmet provides process technologies, automation and services for the pulp, paper and energy industries. The company counts among its clients Brazilian paper and cellulose maker Suzano, Hitachi Zosen Inova AG and French utility group Veolia.
(EUR 1 = USD 1.087)
Statkraft signs PPA to power Finland's Wihuri with renewables
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