London Stock Exchange welcomes City of Malmö Green Bond

Today London Stock Exchange welcomed the City of Malmö's Green Bond. 

Malmö is the growth centre of southern Sweden offering access to 3.9 million regional consumers, as well as acting as a gateway to Scandinavia. It is a great place to live, work and do business in. City of Malmö is the third largest municipality in Sweden and with over 330,000 citizens and growing rapidly. Historically enterprises in Malmö are traditional manufacturing industries but today the focus of enterprises is rather to provide services. Companies today are profiled in areas such as cleantech, trade, logistics, gaming tourism, life science and more. Malmö also boasts a diverse population of citizens with backgrounds from almost all countries in the world.

Municipalities in Sweden are governed by democratically elected politicians. As a Swedish municipality City of Malmö provides a broad range of services to its citizens such as pre and elementary school, social services, care for children and elderly and more. Municipal services are financed by municipal taxes and by the national municipal equalization system where funds are redistributed to create equal economic conditions amongst municipalities.

Today, we pay attention to our first green bond issuance, which is also listed on London Stock Exchanges Green bond list. The bonds are issued under our EMTN programme and follows our comprehensive green bond frame work which has been given a second opinion by Sustainalytics. City of Malmö will allocate the bond proceeds to a portfolio of investments that contributes to the municipality's overall ambition to be a world-leading climate city.

City of Malmö is rated AAA with stable outlook by Standard & Poor's since 2011. City of Malmö bonds consist of unsecured debt. We aim to be a regular issuer of green bonds.

Katrin Stjernfeldt Jammeh, Chairman of the City executive board:
"By issuing Green Bonds City of Malmö is continuing on our ambitious strategy to be a world leading climate city. We are very pleased that there also is a substantial interest to invest in our Green Bonds and thus be a part of our quest to a sustainable future."

Quick facts

Market: Main Market
Instrument market cap (£m)
Listing/Admission to trading
29 Oct 2019
Looking for new and recent issues?

More recent

London Stock Exchange welcomes the Rt Hon John Glen, Economic Secretary to the Treasury, celebrating HM Treasury UK Sovereign Sukuk

The UK Government today celebrated the listing of its second sovereign Sukuk on London Stock Exchange. The 5-year offering was for £500 million, more than double the size of the UK Government’s debut issuance and the largest sterling Sukuk issuance to date. The UK’s second Sukuk saw strong investor participation, with demand from a diverse group of high-quality institutional investors from the

Learn more
London Stock Exchange welcomes Cornerstone FS plc to AIM

The Ordinary Shares of Cornerstone FS plc were admitted to trading at 8.00am on Tuesday 6 April 2021, under the stock market ticker CSFS. The placing price was 61p per share, resulting in a market capitalisation of £12.4 million.

Cornerstone FS plc, is a cloud-based provider of international payment, currency risk management and electronic account services to SMEs. Its strategy is to

Learn more
London Stock Exchange welcomes Deliveroo Holdings plc to the Main Market

Today, the online food delivery platform Deliveroo has made a significant step in the execution of its ambitious growth plans as it begins trading on the Main Market of London Stock Exchange, having raised net proceeds of around £1.5bn. Deliveroo’s admission is the biggest in London since 2011 and the largest UK technology listing of all time.

Founded in 2013 by Will Shu, Deliver

Learn more
London Stock Exchange welcomes Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market

London Stock Exchange welcomed Digital 9 Infrastructure plc to the Specialist Fund Segment of the Main Market today, after it raised gross proceeds of £300 million in its Initial Public Offering.

Digital 9 Infrastructure plc (DGI9) is a newly established, externally managed investment trust. It will invest in a range of digital infrastructure assets which deliver a reliable, functioni

Learn more