Landshypotek readies ‘dark green’ Swedish, forestry covered bond first (Sustainabonds)

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Landshypotek Bank is preparing to issue the first green covered bond from Sweden, a Swedish krona debut set to be backed by and finance forestry loans, thereby targeting “a very important part” of tackling CO2 emissions, its chief sustainability officer told Sustainabonds.

The Swedish mutual announced this (Tuesday) morning that it has mandated Danske Bank as green bond structuring advisor and Danske, Handelsbanken and Nordea as joint bookrunners to arrange fixed income investor meetings in Stockholm on 15 May to present its new green bond framework.

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