Nasdaq Stockholm To Launch Sustainable Bonds List

Nasdaq Stockholm announced today the launch of a new list, Nasdaq Stockholm Sustainable Bonds. The list will include twelve bonds from the start, with a total nominal value of over 5.4 bn SEK. New bonds will be added on a continued basis.

“In order to meet market demand and to capture the development and innovation in the sustainability space going forward we are launching this new list,” said Magnus Billing, Senior Vice President, Nasdaq Stockholm and Head of Nordic Fixed Income.  ”A sustainability evaluation from an independent party in combination with the usual criteria requirement for corporate bonds secures the quality stamp.”

Nasdaq Stockholm cooperated with Sustainalytics to develop the criteria for Nasdaq Stockholm Sustainable Bonds List in order to provide investors with a comprehensive view of sustainable investment alternatives at Nasdaq Stockholm. Sustainalytics helps issuers to develop green and other sustainability bond frameworks, and ensures bond proceeds are allocated, managed and reported in a transparent manner through its second opinions.

“Green and other sustainability bonds have significant potential to direct capital towards sustainability projects and activities, and there is a need to grow the market into a liquid asset class to deliver on this promise,” said Simon MacMahon, Global Director of Advisory Services at Sustainalytics. “We are delighted to work with Nasdaq Stockholm on this exciting initiative, which builds on the tremendous market growth we have seen for these bonds.”

Issuers who want to list sustainable bonds at Nasdaq Stockholm need comply with Nasdaq Stockholm Rule Book for Issuers. In addition to this the following will be reviewed:

• Use of proceeds - The proceeds raised should be used for projects and activities that promote sustainability
• Second opinion - The issuer shall provide a second opinion provided by an experienced external party

Bonds included in Nasdaq Stockholm Sustainable Bond List from the launch: