SSAB issues first Green bonds to boost Sustainable transition to steel

Swedish specialty steel manufacturer SSAB has announced the successful issuance of its first green bonds, raising SEK 2,800 million under the Euro 2 billion Medium-term Bond Program (EMTN) dated June 25, 2025. The placement included two five-year senior unsecured bonds maturing in November 2030. The emissions will be directed to projects related to environmentally efficient products, production technologies and processes, as well as renewable energy sources.

Investor interest was strong, and the issue was reportedly significantly oversubscribed, signaling market confidence in SSAB's sustainability strategy and credit profile.

This move is consistent with SSAB's broader ambitions to transition the steel industry to fossil fuel-free production and significantly reduce carbon dioxide emissions. The company stated that this bond issue highlights the close relationship between its financial strategy and sustainable development goals. As the company moves towards its long-term goal of producing high-quality and low-carbon steel products, this green financing step marks a strategic milestone in SSAB's transformation roadmap, the statement said.