“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.
