Gernandt & Danielsson advises in Nobina AB's ("Nobina") issue of secured green bonds in the amount of MSEK 500 within a framework amount of MSEK 700. The bonds have a five yearly tenor and a floating interest rate of STIBOR 3 months plus 155 basis points. The 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 list the 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 comprises the provision of public transport under contracts with public transport authorities in Sweden, Norway, Denmark and Finland. Nobina is present on the market with approximately 110 contracts in 32 traffic areas, and with a bus fleet comprising of approximately 3,600 buses.
Gernandt & Danielsson has advised Nobina with a team consisting of Partner Mikael Borg, Senior Associate Mikael Bolling and Associate Camilla Hedner.