The net proceeds from the bonds could be allocated to green eligible projects within one or more of the categories, as defined in SSAB's Green and Sustainability-Linked Finance Framework:

1. Eco-efficient products, production technologies and process, and;
2. Renewable energy. 

SSAB is driving the steel industry's transition toward a sustainable, low-carbon future, with the long-term goal of virtually eliminating carbon dioxide emissions from its operations. This inaugural green bond reinforces that commitment and represents a significant step toward realizing SSAB's long-term strategy.

"This green bond is an important milestone in aligning our financing with our sustainability ambitions. It highlights the strong connection between SSAB's financial strategy and our goal to lead the green transformation of the steel industry. The strong investor interest confirms confidence in our long-term vision", says Leena Craelius, CFO at SSAB.

Danske Bank, SEB and Swedbank acted as joint lead managers and financial advisors for the bond issue and SEB has acted as structuring advisor on the establishment of the Green and Sustainability-linked Finance Framework. 

For further information, please contact:
Kati Vellinki, Head of Treasury, kati.vellinki@ssab.com, phone: +358 50 415 4016
Per Hillström, Head of Investor Relations, per.hillstrom@ssab.com, phone: +46 702 95 29 12