SSAB, a Sweden-based steel company, successfully issued its first green bonds, raising a total of SEK 2.8 billion across two five-year senior unsecured notes. The strong investor demand resulted in the issue being well oversubscribed, confirming market confidence in the steel company's green transition strategy.

The net proceeds from the two bonds, which mature in November 2030, are earmarked for eligible green projects defined under SSAB’s finance framework. These include investments in eco-efficient products, production technologies and process, as well as renewable energy.

CFO Leena Craelius said that this bond meets the company's financing directly with its sustainability commitment to virtually eliminate carbon dioxide emissions from its operations, leading the steel industry toward a low-carbon future.