Industry News

Norsk Hydro ASA issues EUR 500 million in Senior Unsecured Green Bonds

Views : 50
Update time : 2025-01-17 16:54:44
Norsk Hydro ASA has successfully issued €500 million of senior unsecured green bonds under its Euro Medium Term Note (EMTN) Programme. The new bond has a tenure of seven years and a fixed annual coupon of 3.625 per cent (3.649 per cent reoffer yield).

“We are very satisfied to have completed such a successful placement and issued our inaugural green bond. The strong interest confirms that Hydro is an attractive investment for bond investors. We are pleased to have achieved highly competitive terms,” said CFO Trond Olaf Christophersen.

A green Eurobond is a type of bond issued to fund environmentally friendly projects within the European Union (EU). The proceeds from green Eurobonds are used to finance projects contributing to a low-carbon economy. The funds raised from this bond issue will be allocated to eligible projects as outlined in Hydro’s Green and Sustainability-Linked Financing Framework, supporting Hydro’s strategy to accelerate the green aluminium transition.

The bonds will be listed on the Irish Stock Exchange (Euronext Dublin). Citi, Danske Bank, ING, J.P. Morgan, and SEB acted as Joint Lead Managers for the transaction.

Related News
Read More >>
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Mar .12.2025
The main theme of domestic favourable macro front remains unchanged, SHFE aluminium prices showed a ‘v-shaped’ rebound today
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Mar .12.2025
Uzbekistan’s aluminium cans manufacturing unit to reduce dependency on imported aluminium packaging
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they? Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
Mar .12.2025
Two contrast sequences set to boost China’s aluminium smelters’ profitability, offsetting tariff losses. What are they?
International crude oil prices increase on Mar 11 International crude oil prices increase on Mar 11
Mar .12.2025
International crude oil prices increase on Mar 11