Teollisuuden Voima Oyj issues EUR 280 million directed green notes (US Private Placement)
On 15 December 2023, Teollisuuden Voima Oyj (TVO) will issue a private placement of EUR 280 million of Green Notes. The arrangement consists of three bullet tranches: a 10-year Note (EUR 105 million), a 12-year Note (EUR 85 million) and a 15-year Note (EUR 90 million). The coupon rates for the Notes are 5,19%, 5,30% and 5,40%, respectively. The Notes do not have a public quotation and are unsecured.
The private placement is the first issuance under the Green Bond Framework established by TVO in the summer of 2023 and conditional on the fulfillment of certain conditions. The funds obtained from the issue will be used for projects that comply with the Green Bond Framework of TVO, based on environmentally friendly electricity production at the TVO's three nuclear power plant units in Olkiluoto, as well as on the responsible arrangement of nuclear waste management.
The Private Placement is arranged by Swedbank in cooperation with its partner CIBC Capital Markets (Europe) S.A. Private Placement will be subscribed by a group of international insurance companies.
For further information, please contact:
Lauri Piekkari, Senior Vice President, Treasury, TVO, tel. +358 (0) 50 357 8623.