Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Ericsson said on Thursday that it had successfully placed a green bond of EUR 500 million with a maturity of 4.5 years.

The placement was conducted under Ericsson’s Euro Medium Term Note Program.

The transaction extends Ericsson’s footprint in the Eurobond market, while the proceeds will be exclusively allocated to investments in energy efficiency, the company said.

Citi, Credit Agricole CIB, Danske Bank, Deutsche Bank and SEB were joint bookrunners.

“The successful placement of this green bond confirms the market confidence in Ericsson’s long-term competitiveness and in our strong sustainability ambitions. Issuing the bond is a direct consequence of our work to fully integrate sustainability into our finance operations, including last year’s launch of our Green Financing Framework. The proceeds raised will support R&D investments in enhanced energy performance in both existing and future solutions. This will strengthen operators’ competitiveness and enable further societal climate action through solutions made possible by mobile connectivity,” Carl Mellander, Ericsson’s Chief Financial Officer, said in a press release.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Natural gas trading outlook: futures slide as more cool forecast for the USNatural gas trading outlook: futures slide as more cool forecast for the US Natural gas futures were lower during early trade in Europe today. The blue fuel slumped last week, to close some 6% lower after a cold Canadian system tracked through the US, lowering cooling demand.Front month natural gas futures, due in […]
  • AUD/USD trades near fresh 1-month high on Fed rate peak betsAUD/USD trades near fresh 1-month high on Fed rate peak bets Key pointsAUD/USD near fresh 1-month peak, set for best week since November Easing US inflation bolsters investor bets that US interest rates may soon peak Aussie shows little reaction to Michele Bullock's appointment as RBA […]
  • Lowe’s Companies announces $1.10 cash dividendLowe’s Companies announces $1.10 cash dividend Lowe's Companies Inc (NYSE: LOW) said on Friday that its Board of Directors had authorized a quarterly cash dividend of $1.10 per share.The dividend will be paid on May 8th to shareholders of record as of the close of business on […]
  • Starbucks Corp increases dividend to $0.61Starbucks Corp increases dividend to $0.61 Starbucks (NASDAQ: SBUX) said on Wednesday that its Board of Directors had authorized a regular quarterly cash dividend of $0.61 per share of common stock.The latter represents an increase of 7.02% compared to the previous quarterly […]
  • Sony Corp. share price down, reports rising profit on strong PS4 salesSony Corp. share price down, reports rising profit on strong PS4 sales Sony Corp. posted quarterly earnings today, revealing income was significantly boosted by its bestseller PlayStation 4 gaming console. Successful movies also added to revenue, while the company still projected a net loss through years […]
  • Forex Market: USD/CAD daily forecastForex Market: USD/CAD daily forecast During yesterday’s trading session USD/CAD traded within the range of 1.0815-1.0904 and closed at 1.0832.At 11:35 GMT today USD/CAD was losing 0.02% for the day to trade at 1.0829. The pair touched a daily low at 1.0817 at 8:20 GMT, the […]