Scatec Issues NOK 1 Billion Green Bond to Strengthen Financial Flexibility and Support Debt Refinancing

Scatec ASA (“Scatec”) has successfully completed the issuance of a NOK 1,000 million senior unsecured green bond with a 4.25-year tenor and a coupon rate of 3-month NIBOR + 2.85% per annum. The proceeds from the bond will be used to refinance existing corporate interest-bearing debt and for general corporate purposes, in line with Scatec’s Green Financing Framework.

The new bond issue strengthens Scatec’s financial position by extending its corporate maturity profile and enhancing financial flexibility. The company remains focused on further deleveraging at the corporate level, targeting NOK 4 billion in gross corporate interest-bearing debt by 2030.

Arctic Securities, DNB, Carnegie, Nordea, and SB1 Markets acted as Joint Lead Managers for the transaction. Scatec plans to apply for the bond to be listed on the Oslo Børs.