18 March 2021
Gernandt & Danielsson advises in Nobina’s issue of subsequent green bonds
Gernandt & Danielsson has advised Nobina AB (publ) in its issue of subsequent green bonds in an amount of SEK 200 million, whereby bonds in an amount corresponding to the maximum framework amount of SEK 700 million have been issued. The net proceeds from the bond issue will be used in accordance with Nobinas’s green bond framework for financing of electric buses, vehicles operated solely on biofuel and charging infrastructure for buses. Nobina’s green bond framework has received the highest possible rating (“Dark Green shading”) from CICERO Center for International Climate Research. Nobina intends to apply for admission of trading of the additional bonds on Nasdaq Stockholm Sustainable Bond List.
Nobina is engaged in the provision of public bus transport and pursues a business concept to simplify everyday travelling. The business primarily comprises of the provision of public transport under contracts with public transport authorities in Sweden, Norway, Denmark and Finland.
Gernandt & Danielsson has advised Nobina with a team consisting of Partner Mikael Borg, Senior Associate Mikael Bolling as well as Associate Camilla Hedner. Skandinaviska Enskilda Banken AB (publ) and Swedbank AB (publ) have acted as arrangers.