NKT A/S has priced an issuance of new EUR-denominated green hybrid bonds with a total principal of 150 million euros. The bonds are issued at a price of 100 and have a coupon of 5 percent p.a. until the first redemption date of March 19, 2030, while the maturity date is set for March 19, 3026. This is stated by NKT in an investor announcement.
The proceeds from the bonds will be used to finance or refinance tangible assets and operating expenses that are assessed to have clear sustainable benefits in line with NKT's updated Green Finance Framework.
- We are very pleased with the successful issuance of the new green hybrid bonds, where we have seen great investor interest, which supports our growth ambitions while maintaining a solid financial foundation. Power cable systems are central to a dynamic energy system and enable the transition to clean energy and the electrification of society. With this recognition from investors, NKT will continue to be a key player in this growing market in the coming years, says Line Fandrup, CFO of NKT.
The bonds are expected to be admitted to trading on Nasdaq Copenhagen's regulated market in the Sustainable Debt segment no later than October 1, 2026.
Danske Bank and SEB have been Joint Global Coordinators, Joint Green Bond Structurers and Joint Bookrunners in connection with the issuance, while Nordea and Nykredit have participated as Joint Bookrunners.
According to the company, the announcement does not change NKT's financial expectations for 2026.
