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Ferde AS – New green bond issues

Ferde AS has successfully issued a dual tranche Green bond; a 3 year FRN bond amounting to NOK 500 million with coupon 3m Nibor + 0.68 % p.a. and a 7 year fixed rate bond amounting to NOK 300 million with a coupon of 4.34%.

The net proceeds will be used for financing and refinancing of investments made in Bypakke Bergen, mainly related to Bybanen, which is part of the City Growth Plan for Bergen (No: Byvekstavtale Bergen). DNB Markets acted as Sole Manager for the bond issue.
Related to the new bond issues, Ferde AS is buying back and writing down NOK 50 million in FERDE19 PRO ESG and NOK 150 million in FERDE 12 PRO ESG.

Ferde recently published a renewed and updated green financing framework. The framework enables Ferde to issue green loans towards investments in rail infrastructure, pedestrian pathways, bicycle lanes and infrastructure related to low carbon transport. The framework is rated CICERO Dark Green as of 22 September 2022.