The City of Goteborg has recently issued an impressive SEK 1,000,000,000 Green Floating Rate Notes due November 2026, also known as the Series GB16 Tranche 1 MTN ISSUE. This exciting development in the world of finance is a significant step forward for the city’s commitment to sustainability and responsible investment.
The ISIN code for this issuance is XS2259797079, and the total interest amount in SEK currency code is SEK 12,767,805.56. The day basis for the interest calculation is Actual/360 (A004) over a period of 91 days, with an interest rate of 5.051 pct. The value date for this issuance is 20/05/2024, with the interest period running from 19/02/2024 to 20/05/2024.
This issuance of Green Floating Rate Notes reflects the City of Goteborg’s dedication to environmental sustainability and responsible financial practices. By issuing green bonds, the city aims to fund projects and initiatives that have a positive impact on the environment. The funds raised through this issuance will be allocated towards projects such as renewable energy, green transportation, and sustainable infrastructure.
Green bonds have gained significant traction in the financial markets as investors increasingly prioritize ethical and sustainable investment opportunities. The City of Goteborg’s decision to issue Green Floating Rate Notes demonstrates its alignment with global efforts to combat climate change and promote a more sustainable future.
This issuance is a prime example of the growing trend towards socially responsible investing, as more and more cities and organizations recognize the importance of integrating environmental and social considerations into their financial activities. The City of Goteborg’s commitment to environmental sustainability sets a powerful example for other municipalities and institutions, encouraging them to adopt similar practices and contribute to the global transition towards a greener economy.
The issuance of Green Floating Rate Notes by the City of Goteborg represents a significant milestone in the city’s journey towards sustainability and responsible finance. By issuing these green bonds, the city is not only raising capital for essential environmental projects but also sending a strong message to the financial community about the importance of incorporating environmental considerations into investment decisions.
As the magazine editor, we are thrilled to see such a positive development in the financial markets. The City of Goteborg’s initiative to issue Green Floating Rate Notes is an excellent example of how organizations can align their financing activities with environmental and social sustainability. We hope to see more cities and institutions follow in the footsteps of the City of Goteborg and contribute to building a more sustainable and responsible financial system.
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