Autoliv Inc. announced that it has priced a 5-year bond offering of EUR 500 million in the Eurobond market, due to be issued on March 15. The notes will carry a coupon of 4.25%
The notes are expected to be admitted to trading on the Global Exchange Market (GEM) of the Irish Stock Exchange (Euronext Dublin) upon issue. Standard & Poor’s has assigned the Notes a rating of BBB.
“Our green bond allows us to address new investors and at the same time help finance advancement on our climate targets. We have a strong commitment to climate action, and this is an important milestone in supporting the industry and our customers in achieving their sustainability ambitions,” said Fredrik Westin, CFO of Autoliv.
Autoliv will issue the notes as green bonds and will allocate an amount equal to the net proceeds from the offering of the notes to new or existing projects that meet at least one of the Eligibility Criteria under its Sustainable Financing Framework.
