Europe: Ericsson issues its first-ever green bond

Swedish network vendor Telco OEM Ericsson announced that it has issued its first-ever green bond, a  €500 million bond with a maturity of four-and-a-half years issued under Ericsson's Euro Medium Term Note Program (EMTN).

Carl Mellander, Ericsson’s CFO said, “The successful placement of this green bond confirms the market confidence in Ericsson’s long-term competitiveness and in our strong sustainability ambitions. Issuing the bond is a direct consequence of our work to fully integrate sustainability into our finance operations, including last year’s launch of our Green Financing Framework.”

He added, “The proceeds raised will support R&D investments in enhanced energy performance in both existing and future solutions. This will strengthen operators’ competitiveness and enable further societal climate action through solutions made possible by mobile connectivity.” The proceeds will be exclusively allocated to energy efficiency and renewable energy investments.