Swedish National Debt Office

H2 Green Steel raises more than €4 billion in debt financing for the world's first large-scale green steel plant

Retrieved on: 
Monday, January 22, 2024
UniCredit, CO2, KfW, ING, AIP, Euler Hermes, Environment, Electricity, Documentation, European Commission, Siemens Financial Services, Société Générale, United States free-trade agreements, Swedish National Debt Office, Climate, Investment, Steelmaking, BNP Paribas, Steel, BofA Securities, European Investment Bank, KfW IPEX-Bank

STOCKHOLM, Jan. 22, 2024 /PRNewswire/ -- H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million.

Key Points: 
  • STOCKHOLM, Jan. 22, 2024 /PRNewswire/ -- H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million.
  • H2 Green Steel has now secured funding of close to €6.5 billion for the world's first large-scale green steel plant in Northern Sweden.
  • The construction of the flagship green steel plant in Boden, with integrated green hydrogen and green iron production, is well under way.
  • "H2 Green Steel is an excellent example of the kind of breakthrough projects that the EU Innovation Fund is supporting.

H2 Green Steel raises more than €4 billion in debt financing for the world's first large-scale green steel plant

Retrieved on: 
Monday, January 22, 2024
UniCredit, CO2, KfW, ING, AIP, Euler Hermes, Environment, Electricity, Documentation, European Commission, Siemens Financial Services, Société Générale, United States free-trade agreements, Swedish National Debt Office, Climate, Investment, Steelmaking, BNP Paribas, Steel, BofA Securities, European Investment Bank, KfW IPEX-Bank

STOCKHOLM, Jan. 22, 2024 /PRNewswire/ -- H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million.

Key Points: 
  • STOCKHOLM, Jan. 22, 2024 /PRNewswire/ -- H2 Green Steel signs definitive debt financing agreements for €4.2 billion in project financing and increases the previously announced equity raised by €300 million.
  • H2 Green Steel has now secured funding of close to €6.5 billion for the world's first large-scale green steel plant in Northern Sweden.
  • The construction of the flagship green steel plant in Boden, with integrated green hydrogen and green iron production, is well under way.
  • "H2 Green Steel is an excellent example of the kind of breakthrough projects that the EU Innovation Fund is supporting.

Leading European financial institutions support H2 Green Steel's €3.5 billion debt financing

Retrieved on: 
Monday, October 24, 2022
KfW, European Investment Bank, ING, Carbon, Société Générale, Euler Hermes, UniCredit, Swedish National Debt Office, CEO, Letter, Pathfinder, BNP Paribas, KfW IPEX-Bank, SEK, Documentation, Leadership, Financial services, Security (finance)

STOCKHOLM, Oct. 24, 2022 /PRNewswire/ --H2 Green Steel announces it has received support from leading European financial institutions for its 3.5billion debt financing.

Key Points: 
  • STOCKHOLM, Oct. 24, 2022 /PRNewswire/ --H2 Green Steel announces it has received support from leading European financial institutions for its 3.5billion debt financing.
  • H2 Green Steel will finance the construction of its hydrogen-powered green steel plant in Northern Sweden through a combination of equity and debt financing.
  • The European Investment Bank has received board approval for 750 million of senior debt funding for the H2 Green Steel project.
  • The Swedish National Debt Office has issued a letter of intent to provide a green credit guarantee** of 1 billion of H2 Green Steel's senior debt.

Leading European financial institutions support H2 Green Steel's €3.5 billion debt financing

Retrieved on: 
Monday, October 24, 2022
KfW, European Investment Bank, ING, Carbon, Société Générale, Euler Hermes, UniCredit, Swedish National Debt Office, CEO, Letter, Pathfinder, BNP Paribas, KfW IPEX-Bank, SEK, Documentation, Leadership, Financial services, Security (finance)

STOCKHOLM, Oct. 24, 2022 /PRNewswire/ --H2 Green Steel announces it has received support from leading European financial institutions for its 3.5billion debt financing.

Key Points: 
  • STOCKHOLM, Oct. 24, 2022 /PRNewswire/ --H2 Green Steel announces it has received support from leading European financial institutions for its 3.5billion debt financing.
  • H2 Green Steel will finance the construction of its hydrogen-powered green steel plant in Northern Sweden through a combination of equity and debt financing.
  • The European Investment Bank has received board approval for 750 million of senior debt funding for the H2 Green Steel project.
  • The Swedish National Debt Office has issued a letter of intent to provide a green credit guarantee** of 1 billion of H2 Green Steel's senior debt.

Preem signs SEK 3 billion loan agreement with Swedish Export Credit Corporation

Retrieved on: 
Monday, April 25, 2022
CEO, Biofuel, Carbon, Climate change, Swedish National Debt Office, CFO, Commodity Credit Corporation, Swedish Export Credit Corporation, SEK, Investment, Lysekil, Renewable energy, Preem

STOCKHOLM, April 25, 2022 PRNewswire/ --As part of the strategy to switch to large-scale renewable fuel production, Preem will sign a SEK 3 billion loan agreement with Swedish Export Credit Corporation (SEK).

Key Points: 
  • STOCKHOLM, April 25, 2022 PRNewswire/ --As part of the strategy to switch to large-scale renewable fuel production, Preem will sign a SEK 3 billion loan agreement with Swedish Export Credit Corporation (SEK).
  • The loan is covered by the Swedish National Debt Office's program for green credit guarantees.
  • The total cost of Preem's investment is SEK 3,525 million and the company will receive a green loan of SEK 3 billion.
  • The loan agreement with SEK is conditional on approval from the Preem Group's other external financiers and on Preem obtaining the necessary environmental permits.