Bonds

EMTN programme

Bonds comprise Vasakronan’s largest source of funding and are issued with maturities of up till 25 years. All of the bonds are unsecured and are encompassed by a change of control clause that provides investors with the right to sell the bonds back to Vasakronan in the event of a change of ownership.

Green bonds

Green bonds are issued under Vasakronan’s EMTN programme, and the documentation corresponds with Vasakronan’s other EMTN bonds. You can read more about green financing here

EMTN programme
Last updated2026
SizeEUR 8,000,000,000 or its equivalent in other currencies
MaturityMin. 1 year
Governing lawEngelsk, Norsk (VPS Notes)
ListingEuronext Dublin, Oslo Stock Exchange
Change of control clauseExisting investors have the right to early redemption if the Swedish national pension funds together cease to own shares representing at least 51% of the votes in Vasakronan and the company, as a result of the change of control, has its rating downgraded by at least one level.
ArrangerCitibank
Clearing systemsClearstream, Euroclear, Verdipapirsentralen ASA
DealersBarclays, BNP Paribas, Citibank, Danske Bank, Deutsche Bank, Handelsbanken Capital Markets, Nordea, SEB, Swedbank, DNB Bank ASA
EMTN programme

Last updated

2026

Size

EUR 8,000,000,000 or its equivalent in other currencies

Maturity

Min. 1 year

Governing law

Engelsk, Norsk (VPS Notes)

Listing

Euronext Dublin, Oslo Stock Exchange

Change of control clause

Existing investors have the right to early redemption if the Swedish national pension funds together cease to own shares representing at least 51% of the votes in Vasakronan and the company, as a result of the change of control, has its rating downgraded by at least one level.

Arranger

Citibank

Clearing systems

Clearstream, Euroclear, Verdipapirsentralen ASA

Dealers

Barclays, BNP Paribas, Citibank, Danske Bank, Deutsche Bank, Handelsbanken Capital Markets, Nordea, SEB, Swedbank, DNB Bank ASA

Issued bonds

EMTN Prospectus

Dealer Agreement

Articles of Association

Certificate of Registration

Deed of Covenant

Issuer-ICSD Agreement

Programme manual

VPS Trustee Agreement

Curious about our bonds?

Please contact Thomas with your questions.

Thomas Nystedt
Group Treasurer
070-686 25 41 · 08-566 205 41

You will find all our financial reports here