White & Case Advises SSAB on SEK 2 Billion Sustainability-Linked Bonds

Press Release
1 min read

Global law firm White & Case LLP has advised Sweden-based global steel producer SSAB AB (SSAB) on its issuance of SEK 2 billion floating rate sustainability-linked notes due 2026. 

"We have advised SSAB on its recent issuance of sustainability-linked bonds. These form an integral part of SSAB's highly ambitious drive to be the world's first fossil-free steel producer," said White & Case counsel Michael Bark-Jones, who led the Firm’s deal team. "The transaction adds to the growing list of sustainability-linked financings on which White & Case has advised across Europe."

DNB and SEB acted as joint lead managers. The bonds were issued under SSAB's €2 billion Euro Medium Term Note Programme and include a redemption premium mechanic if the company’s sustainability performance targets are not met by 2025. 

The White & Case team in Stockholm which advised on the transaction was led by counsel Michael Bark-Jones and included partner Magnus Wennerhorn and associate Josephine Martinsson.

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