UPM issues a EUR 750 million Green Bond under its EMTN (Euro Medium Term Note) programme established on 5 November 2020. The bond matures in November 2028 and pays a fixed coupon of 0.125%. The net proceeds from the bond will be used for financing and/or refinancing of Eligible Projects and Assets under UPM’s Green Finance Framework, also established in November 2020.
UPM will apply for the bond to be listed on the Irish Stock Exchange plc, trading as Euronext Dublin.
Citigroup, BNP Paribas, JP Morgan and Nordea acted as joint lead managers and bookrunners for the transaction.
“We are very pleased to successfully issue our first green bond, which will further enhance our responsibility targets. The strong demand of the bond demonstrates the interest and confidence in UPM and our Biofore strategy,” says UPM´s CFO Tapio Korpeinen.
The base prospectus and the Green Finance Framework are available on UPM’s website at www.upm.com/investors/upm-as-an-investment/debt/.
For further information please contact:
Kenneth Råman, SVP, Treasury and Risk Management, UPM, tel. +358 400 477 287
Sami Lundgren, VP, Responsibility, UPM, tel. +358 40 580 0910
UPM, Media Relations
Mon-Fri 9:00-16:00 EET
tel. +358 40 588 3284
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We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Biorefining, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 18,700 people worldwide and our annual sales are approximately EUR 10.2 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com