ICA Gruppen AB (publ) has successfully completed a green bond issue of SEK 3.5 billion under the company's Swedish MTN programme. The issue saw strong demand and was more than 1.5 times oversubscribed. The bonds of SEK 1.25 billion and SEK 2.25 billion were issued with tenors of 3 and 5 years respectively, both tenors with fixed and floating rate tranches.

This represents ICA Gruppen's first green bond issue, following the company's recently established Green Finance Framework, developed to align with the ICMA Green Bond Principles. CICERO Shades of Green, now part of S&P Global, has provided a second party opinion of the framework, awarding it a Medium Green shading and the governance score Excellent. ICA Gruppen has long worked purposefully to reduce its climate impact and the newly established framework enables green financing of ICA Gruppen's continued sustainability efforts.

The areas covered by the framework are green buildings, renewable energy, clean transportation and eco-efficient products within the company's own brand range.