Scania issues green bond to finance further investment in electrification
SÖDERTÄLJE, Sweden, Nov. 22, 2022 /PRNewswire/ -- To support its continued investments in electrification, Scania issued another green bond, this time totalling SEK 3 billion. The proceeds will be used for additional investment in the development of battery-electric vehicles. The strong interest in the bond shows that the capital market actively supports Scania's purpose of driving the shift towards a sustainable transport system.
Scania has issued a second green bond, as part of the company's efforts to deepen its investment in electrification technologies. In 2020, Scania became the first manufacturer of commercial heavy vehicles to receive approval for its framework for issuing green bonds, with the proceeds of its first bond being invested in the company's battery factory and the development of battery-electric vehicles.
For further information, please contact:
Jörgen Gustafsson, Acting Head of Internal Bank
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