12 June 2019
Gernandt & Danielsson advises in Bayport’s inaugural issue of social bonds and its redemption of existing bonds
Gernandt & Danielsson advises in Bayport Management Ltd’s issue of social bonds at an amount of USD 260 million, within a framework amount of USD 400 million. The bond proceeds shall be used in accordance with the Social Bond Framework to early redeem existing bonds of SEK 1,900 million and for general corporate purposes. Bayport intends to list the social bonds on Nasdaq Stockholm Sustainable Bond List.
Gernandt & Danielsson advises Bayport and its financial advisors, DNB Markets, ABG Sundal Collier AB and Absa Bank with a team consisting of Partner Mikael Borg, Counsel Adrian Della Morte Pålstam and Senior Associate Maria Klaesson.