Home Framework Castellum Launches Updated Framework for Green MTNs

Castellum Launches Updated Framework for Green MTNs


GOTHENBURG, Sweden, September 6, 2022 /PRNewswire/ — In 2016, Castellum issued its first Medium Term Green Note (MTN). In recent years, the demand for green MTNs has increased. Castellum is now releasing an updated frame with even stricter durability requirements.

Castellum believes that sustainability is a prerequisite for economic growth. As a long-standing major player in the industry, promoting the development of a sustainable society is a natural part of our job.

Funding through the issuance of green bonds under our MTN and euro MTN (EMTN) programs is an opportunity for investors to bring capital to some of our most sustainable projects and properties. The terms and conditions of the green MTNs issued match those that apply to other bonds issued under Castellum’s MTN and EMTN programs, with the crucial difference that the proceeds of the green MTNs can only be applied to eligible projects and assets. to the green frame of Castellum.

“We are seeing a clear demand for green NTDs and this, over time, allows us to reduce funding costs. Thanks to our strict sustainability requirements, our bond investors can be assured that the projects selected genuinely support the transition to a more sustainable society,” said jens anderssonResponsible for the Treasury of Castellum AB.

The updated framework has been adapted to the ICMA 2021 Green Bond Principles and EU taxonomy. Castellum has partnered with Handelsbanken to develop the framework for green NTDs. Castellum also engaged research firm Cicero Shades of Green for an independent assessment of Castellum’s sustainability initiatives and the level of ambition of the framework. The general opinion is that Castellum’s governance of its sustainability initiatives is excellent, and the setting has been given the medium green shade of Cicero. The framework, the second opinion and the updated MTN program are all available on the Castellum website.

For more information, please contact:
jens anderssonHead of Treasury Castellum AB, +46 76-855 67 02

Philippe Ellandsustainability director Castellum AB, +46 70-320 63 26

About Castellum

Castellum is one of the largest listed real estate companies in the Nordic region that develops flexible workplaces and smart logistics solutions. From June 30, 2022the value of the property was approximately 185 billion Swedish crowns, including the ownership share of the Norwegian company Entra ASA. We are active in attractive northern growth regions. One of our sustainability goals is to become fully climate neutral by 2030 at the latest. Castellum is the only Nordic real estate and construction company elected to the Dow Jones Sustainability Index (DJSI). Castellum stock is listed on the Nasdaq Stockholm Large Cap.

Beyond all expectation.

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SOURCE Castellum