Loomis Secures SEK 1 Billion in Sustainability-Linked Bond Offering

Investors placed over SEK 2.9 billion in orders for Loomis AB’s latest bond issuance, signaling robust appetite despite current geopolitical volatility. The Swedish cash-management firm successfully raised SEK 1,000 million in five-year notes, tying the debt’s performance directly to its long-term climate reduction targets.

The new bonds, issued under the company’s EUR 2 billion EMTN program, carry a floating interest rate of 3m Stibor plus 0.95%. CFO Johan Wilsby noted the strong reception as evidence of market confidence, with proceeds earmarked for refinancing existing debt and general corporate requirements. Danske Bank and Nordea served as joint bookrunners for the transaction, which will be listed on the Euronext Dublin exchange.

Central to the offering is a commitment to reduce absolute carbon emissions by 48% by 2030, measured against a 2019 baseline. This framework, verified by Sustainalytics, aligns the firm's financing strategy with its broader environmental goals. Simultaneously, Loomis initiated a partial buyback of its outstanding bonds due in May 2027, successfully repurchasing a combined nominal value of SEK 644 million across its floating and fixed-rate tranches.