Scandinavian Biogas’ SEK 700 Million Green Bond Offering

Cirio has acted as legal advisor to Scandinavian Biogas Fuels International AB on the deal.

Scandinavian Biogas Fuels International AB (publ) (Scandinavian Biogas) announced its issuance of senior secured green bonds of SEK 700 million under a framework of SEK 1.2 billion.

The bonds have a tenor of five years and a floating interest of STIBOR three months plus 6.00 per cent. The bonds will share security with an up to SEK 300 million super senior revolving credit facility which Scandinavian Biogas intends to enter into in connection with the settlement of the bonds.

Nordea has acted as arranger and sole bookrunner for the bond issuance.

Scandinavian Biogas Fuels International AB provides biogas solutions. The Company produces biogas which is used as fuel in vehicles. Scandinavian Biogas Fuels International serves customers worlwide.

The Cirio’s team was headed by Carl Axel Morvay (Picture) together with Alexandra Linusson, Rebecka Tallberg, Frida Karlsson and Oskar Torstensson.

Involved fees earner: Frida Karlsson – Cirio Law Firm; Alexandra Linusson – Cirio Law Firm; Carl Axel Morvay – Cirio Law Firm; Rebecka Tallberg – Cirio Law Firm; Oskar Torstensson – Cirio Law Firm;

Law Firms: Cirio Law Firm;

Clients: Scandinavian Biogas Fuels International AB;

Author: Federica Tiefenthaler