Successful 3-year Green Benchmark
On Wednesday September 27th, KBN successfully priced a new CAD500 million 3-Year Green Benchmark.
The transaction was launched in a constructive market environment and investors remained active for high quality credit. In addition, the transaction benefited from exceptional support from ESG investors on KBN’s Green Bond Framework.
The transaction garnered solid interest with final books of over CAD790 million, across a broad range of investors.
This was the first time KBN has accessed the CAD market twice within a year, since launching the inaugural CAD Green offering in 2021, entailing exceptional investor support and KBN’s strong commitment to the CAD market.
About KBN Green Bonds
KBN Green Bonds finance the transition to a low-carbon, climate resilient future in Norwegian local societies. KBN issued its first sustainability-themed transaction in 2010 and has been a regular issuer of public green bonds since 2013. This transaction marks the third CAD Green Bond that KBN has issued.
The net proceeds of the Green Bonds issued by KBN will be used to finance or re-finance Eligible Projects that have been evaluated and selected by KBN in accordance with our Green Bond Framework.