Framework for sovereign green bonds in place
The Government has adopted a framework that will enable an issue of sovereign green bonds. This will be the first time sovereign green bonds have been issued in Sweden. The Swedish framework has been awarded the highest possible environmental grade by the independent reviewer.
The framework will offer investors a transparent way to ensure that bonds are green. The Swedish National Debt Office will issue the bonds at an appropriate time during 2020.
The framework describes how eligible expenditures are defined, selected, recorded and reported, and is a necessary component for an issue of green bonds. Investors must be able to easily and clearly monitor which expenditures the bond they purchase is linked to, and what climate and environmental effects can be expected.
The Government has also decided which budget expenditures are to be linked to the green bonds. This expenditure portfolio will set an issue volume ceiling of SEK 30 billion.
The Swedish framework has been awarded the highest possible environmental grade by the independent reviewer.
In the next stage, based on the objective for central government debt policy the Swedish National Debt Office will decide the exact volume, term of validity and timing of the bond issue.
The framework is based on an agreement between the Swedish Social Democratic Party, the Centre Party, the Liberal Party and the Green Party.
Press Secretary to the Minister for Financial Markets and Housing, Per Bolund
Phone (switchboard) +46 8 405 10 00