Carnegie Investment Bank Norway is proud to have acted as Joint Bookrunner in the successful issuance of EUR 160 million senior unsecured sustainability-linked bonds by BEWI Group.
The issue attracted strong interest from Nordic credit investors and was substantially oversubscribed, pricing at 3m EURIBOR + 315bps with a 5-year tenor. The net proceeds from the bond issue will be used to refinance the two existing senior secured bonds, and for general corporate purposes.
BEWI is an international provider of packaging, components, and insulation solutions. The company’s commitment to sustainability is integrated throughout the value chain, from production of raw materials and end goods, to recycling of used products. With a vision to protect people and goods for a better every day, BEWI is leading the change towards a circular economy.
Carnegie congratulates Christian Bekken, Marie Danielsson ♦️ the rest of the BEWI team with the successful transaction and look forward to continuing our support of BEWI going forward.