Santander Consumer Bank has announced issuance of a senior unsecured green bond of SEK 500 million. Use of proceeds in the transaction will be used to finance a loan portfolio of new and existing retail loan and lease contracts for electric vehicles.
As the Nordic market leader in auto financing we believe that we have a responsibility to put sustainability front and center of our business. By financing renewable energy and smart and sustainable infrastructure we can contribute to green growth, says Michael Hvidsten, CEO of Santander Consumer Bank.
In December 2019, Santander Consumer Bank AS reached a milestone by publishing its Green Bond Framework which paved the way for the first green bonds linked to its portfolio of electric vehicles in February 2020. Our new issuance builds further on Santander Consumer Bank AS green bond franchise allowing investors to take benefit of a growing portfolio of electrical vehicles.
Santander Consumer Bank has implemented a green bond framework with a second opinion provided by Sustainalytics.
Full information on issuance here: https://newsweb.oslobors.no/message/522396