Hafslund issues SEK 1bn, NOK 2bn in new green bonds

Hafslund AS, rated A- (Stable) by S&P Global Ratings and A (Stable) by Scope, has successfully issued four new green bonds, announced on September 10, 2025. The total issuance comprises SEK 1,000 million and NOK 2,000 million across varying maturities and coupon rates.

The Swedish krona tranche includes SEK 400 million with a 3-year tenor and a coupon of 3-month STIBOR + 0.55% p.a., and SEK 600 million also with a 3-year tenor and a fixed coupon of 2.588% p.a. The Norwegian krone portion consists of NOK 1,000 million maturing in 5 years with a coupon of 3-month NIBOR + 0.77% p.a., and another NOK 1,000 million with a 12-year tenor and a fixed coupon of 4.823% p.a.

The bonds are scheduled for settlement on September 18, 2025, and Hafslund AS plans to list them on the Oslo Stock Exchange. Danske Bank, DNB Carnegie, Handelsbanken, and SEB acted as joint lead managers for the transaction.