University Properties of Finland to issue a green bond

University Properties of Finland Ltd (SYK) will issue a green bond of EUR 100 million. The bond issued by SYK is the first green bond in the property industry and the third overall in Finland.

“In accordance with our responsibility vision, our aim is to have the most responsible campuses in Europe, and sustainable development is one of four strategic projects of our current strategy period. The green bond will help us improve the ecological responsibility of our buildings over their entire life cycle,” says Anssi Koski, Deputy CEO and Executive Vice President (Economy and Finance) at SYK.

SYK commits to investing the funds raised in certified, environmentally responsible and energy-efficient projects, such as new properties and properties to be modernised that have a BREEAM environmental certification rating of at least Very Good and an energy consumption rate that is at least 15% lower than what is required by building regulations.

SYK seeks to promote sustainable development from the perspectives of eco-friendliness, economy and social sustainability. The company develops properties to make them increasingly energy-efficient and ecological. In its investments, it focuses on finding environmentally friendly and long-term solutions.

“SYK is a pioneer in the Finnish property industry. SYK’s green bond has been well-received on the market, and it is clear that an increasing number of investors care about sustainability,” says Nikolas Rokkanen, Head of Debt Capital Markets at SEB.

The maturity of the euro-denominated, fixed-rate bond is five years. SYK is using the arrangement to prepare for increased business operations. At the same time, the company is aiming to diversify its capital structure.

Skandinaviska Enskilda Banken AB (publ) acts as the arranger of the transaction and as an advisor for the establishment of the Green Bond Framework, which includes the CICERO Second Opinion assessment. Borenius Attorneys Ltd acts as SYK’s legal advisor for the transaction.

 

For additional information, please contact:

University Properties of Finland Ltd
Anssi Koski
Deputy CEO and Executive Vice President (Economy and Finance)
Tel. +358 (0)40 514 1490, anssi.koski@sykoy.fi

 

Skandinaviska Enskilda Banken AB
Nikolas Rokkanen
Head of Debt Capital Markets
Tel. +358 (0)40 579 7522, nikolas.rokkanen@seb.fi

 

University Properties of Finland Ltd (SYK) is a nationwide owner and developer of higher education campuses. Our mission is to create campuses with great appeal and opportunities to fuel regional growth by combining science, business and vibrant urban life. We offer spatial solutions of the future for higher education institutions, companies and service providers as well as cost-efficient premises meeting the needs of our customers. SYK is owned by the Finnish state and 10 universities outside the Greater Helsinki region. The company’s balance sheet value is approximately EUR 1.3 billion, and is comprised of 247 university buildings. In 2017, turnover was EUR 150.1 million. www.sykoy.fi

SEB is a leading Nordic financial services group. Our operations are guided by a strong belief that creativity and an entrepreneurial approach are key in creating a better world. In Sweden and the Baltic countries, SEB offers financial advice and a wide range of financial services to both private and business customers. In Finland, Denmark, Norway, Germany and the United Kingdom, the operations of banks have a strong focus on corporate and investment banking based on a full-service offering to corporate and institutional clients. SEB operates in around 20 countries worldwide, which demonstrates the international nature of the Group’s business operations. On 30 September 2018, the total assets of the Group amounted to SEK 2,777 billion, while its investments totalled SEK 1,871 billion. The Group employs around 15,000 people. You can find more information about the Group at www.sebgroup.com.

In Finland, SEB employs around 320 professionals in corporate and investment banking as well as in asset management and card business. Read more about SEB at www.seb.fi

 

Disclaimer

This release is for information purposes only and is not to be construed as an offer to sell or a solicitation of an offer to sell with respect to any securities of the Company. This release should be read together with the information memorandum. This release and the information memorandum contains important information, which should be read carefully before making a final decision with regards to the Notes. The distribution of this release and the related material concerning the issuance of the Notes may, in certain jurisdictions, be unlawful or restricted by law. No actions have been taken to register or qualify the Notes, or otherwise to permit a public offering of the Notes, in any jurisdiction. If the Company decides to proceed with the issue of the Notes, any offering material or documentation related to the Notes may be received only in compliance with applicable exemptions or restrictions. Persons into whose possession this release or any such offering material or documentation may come are required to inform themselves of and observe all such restrictions. This release and any such offering material or documentation may not be distributed or published in any country or jurisdiction if to do so would constitute a violation of the relevant laws of such jurisdiction or would require actions under the laws of a state or jurisdiction other than Finland. In particular, this release and any such offering material or documentation may not distributed or published in the United States, Australia, Canada, Hong Kong, Japan, New Zealand, Singapore, South Africa or any other jurisdiction in which it would not be permissible to offer the Notes and this release and any related material concerning the issuance of the Notes may not be sent to any person in the aforementioned jurisdictions. The information contained herein shall not constitute an offer to sell, or a solicitation of an offer to sell any of the Company’s securities including the Notes to any person in any jurisdiction in which such offer, solicitation or sale would be unlawful. None of the Company, the Sole Bookrunner or their affiliates or representatives accept any legal responsibility for any violation by any person, whether or not the persons contemplating investing in or divesting the Company’s securities including the Notes are aware of such restrictions. The Notes have not been and will not be registered under the U.S. Securities Act, or with any securities regulatory authority of any state of the United States. The New Notes may not be offered, sold, pledged or otherwise transferred directly or indirectly within the United States or to, or for the account or benefit of, a U.S. Person, except in offshore transactions within the meaning of and in accordance with Regulation S

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In addition to the notice set out above in relation to the EEA (for which the avoidance of doubt applies to the United Kingdom), in the United Kingdom, the information provided in this release and any offer materials relating to the Notes is addressed to and directed only at (i) persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth bodies corporate, unincorporated associations and partnerships and trustees of high value trusts as described in Article 49(2) the Order (all such persons together being referred to as “relevant persons”). In the United Kingdom, any investment activity to which this document relates is only available to and will only be engaged in with relevant persons, and any person who is not a relevant person must not act or rely on this document or any of its contents.