Oslo to launch inaugural syndicated green bond offering

Oslo Kommune, rated AA+ by S&P, plans its inaugural syndicated green bonds. The fixed-rate bonds will mature in 10 to 20 years, with an expected volume between NOK 2 billion and NOK 5 billion, depending on market conditions.

This marks Oslo Kommune's first syndicated bond offering, complementing its traditional financing. Proceeds will fund the city's new water supply system. The bonds will seek listing on Euronext Oslo, with a digital investor presentation set for October 15th at 11:00 AM (CET).

Danske Bank, DNB Carnegie, Nordea, SB1 Markets, and SEB, all pre-qualified brokers, are facilitating the transaction. S&P Global Ratings has assigned a "Dark Green" rating to the bond framework.