Sustainable finance
Vinga Group strives to conduct a long-term sustainable business. We believe that companies operated in a sustainable way are ideally positioned to stay competitive over the long term. We also know that climate change is one of the greatest challenges of our time, and that overcoming this challenge requires systematic collaboration and teamwork.
Making a difference
Our ambition is to provide Nordic growth companies with access to sustainable financing. We’re seeing a growing interest in ESG matters from our corporate and institutional clients, who are increasingly seeking our advice on how to address them. Knowing that our services can make a meaningful difference, we want to promote and elevate clients who, like us, aim to do the right thing as a responsible business.
Responsible investments
To date, we have raised close to SEK 2 billion in green bonds for Nordic issuers. Green bonds are a fixed-income financing instrument where the proceeds are earmarked for climate-related or environmental projects. Green bonds have become popular for investors to align their financial goals with their values and contribute positively towards the transition to a sustainable low carbon economy. They connect investors who want to invest in green purposes with businesses who need funding of green business initiatives or green assets.
Green bonds can be verified and issued within a large and growing number of industries, including:
Low carbon buildings
Low carbon transport
Sustainable forestry and agriculture
Solar, wind and other renewables
Partner to the Climate Bonds lnitiative (CBI)
Vinga is a partner to the Climate Bonds lnitiative, an organization promoting sustainable investments and conducting green bond certification. Through joining the Climate Bonds lnitiative, we can provide small and mid-sized issuers with better access to the green bond market while providing investors with sustainable high yield opportunities.
Building on years of experience from green bond transactions, we are well equipped to guide the issuer through every step in the process.
Initial analysis and structuring of the green bond
Liaising with independent certification institutions
Developing a green bond framework
Drafting bond terms, security structures, and marketing materials
Capital raising and annual reporting
Public market listing of the bond
Transaction Case Study: Regenergy Frövi AB
- Regenergy Frövi AB (publ) owns a major innovative greenhouse facility in Frövi, Sweden.
- The 217000sqm facility will produce tomatoes using waste heat from a nearby paper mill operated by Billerud.
- This method is anticipated to significantly cut energy costs, which typically make up 30-40% of greenhouse production expenses, while also reducing CO2 emissions and carbon footprint of the facility.
Transaction highlights
- Vinga Corporate Finance acted as sole Corporate Finance Advisor and raised approx 70 MEUR in green bond financing.
- The net proceeds from the raised bonds were used as construction financing for the greenhouse facility.
- Regenergy Frövi AB expects to generate over 17 MEUR in revenue from the operator of the facility.
- During the capital raising, the project developer WA3RM developed a Green Bond Framework, covering the current as well as future bond issues.
One in five tomatoes consumed in Sweden will be grown in Regenergy Frövi, utilizing waste heat from a nearby paper mill.
Selected green bonds and other ESG investments
Corporate Group that owns and manages solar installations
Raised capital
825 000 000 SEK
Product
Green bond and equity
Issuer
Gigasun AB
Swedish project developer in renewable energy
Raised capital
103 000 000 SEK
Product
Green bond
Issuer
Recap Energy AB
Real estate developer with projects in Stockholm metropolitan area
Raised capital
400 000 000 SEK
Product
Green bond
Issuer
Patriam Invest AB
Swedish real estate developer focusing on social infrastructure
Raised capital
86 000 000 SEK
Product
Equity
Issuer
Sehlhall Fastigheter AB
