Swedish energy company Vattenfall has issued its first ever green bond worth €500 million (£445m).
The proceeds have been earmarked for projects including renewable energy and related infrastructure, energy efficiency, electrification of heat and transport and industrial projects.
Vattenfall added the bond, which has a tenor of seven years, is also the first international issuance under an EMTN programme under Swedish law listed on Nasdaq Stockholm.
CFO Anna Borg said: “We have seen very strong interest in our first green bond among European investors. I am happy that so many investors have chosen to participate in our bond offer and chosen to contribute to our vision of a fossil-free life within one generation.”