SEB

SEB Nordic Energy fund starts building one of Finland's largest battery storage in Nivala. This week marks a major milestone as we break ground in Nivala for a grid-scale battery energy storage system – 70 MW / 140 MWh – one of the largest in Finland. SEB Nordic Energy’s portfolio company, Locus Energy, in collaboration with Ingrid Capacity, will build one of the largest battery energy storage project in Finland. The project will add 70 MW / 140 MWh of storage capacity to SEB Nordic Energy’s Finnish portfolio, which already includes wind and hydropower. Located in Nivala Municipality in Finland’s Ostrobothnia region, the project is expected to be completed in 2026. Niklas Sörensen, CEO and founding partner Locus Energy, Päivi Karikumpu (Kuljukka), Mayor of Nivala, Jussi Jyrinsalo, Vice President at Fingrid and Ibrahim Baylan, Ingrid Capacity Board Member and former Energy Minister of Sweden attended. Read more: https://lnkd.in/e2fgM9HX Learn more about the fund: https://lnkd.in/eBUA9Rcc The funds presented are intended for professional investors only. Past performance is not indicative of future results. The funds can both decrease and increase significantly in value, and you may not get back the amount invested. Prospectus and sustainability-related disclosures are available from SEB. This material has been prepared by SEB Asset Management AB.

Vår seniorekonom Robert Bergqvist analyserar det nya räntelandskapet och dess påverkan på investerare, stater och centralbanker i sin senaste krönika i tidningen Affärsvärlden: • Hur USA:s realräntor har återgått till nivåer som inte setts sedan före finanskrisen. • De globala skillnaderna i kapitalkostnader och vad det innebär för investeringsbeslut. • Varför realräntan är en central faktor för ekonomisk förståelse och tillgångspriser. • De politiska och ekonomiska utmaningarna med att hantera skuldens bärkraft och inflationsbekämpning. Läs krönikan: https://lnkd.in/dYH4qEVY

Almost all countries have them – but why do they matter? Come along as we explore the mechanics of credit ratings and their relation to a country’s economy.

SEB joins a Swedish consortium of industry-leading companies that will build advanced AI infrastructure in Sweden using cutting-edge technology from NVIDIA. The consortium consists of SEB, AstraZeneca, Ericsson, Saab, and Wallenberg Investments AB. The companies will build a system operated by a joint Swedish company to offer sovereign and secure compute access to consortia members. “Investing in cutting-edge AI infrastructure is a crucial step toward accelerating the development and adoption of AI across Swedish industry. We believe this initiative will generate valuable spillover effects – by enabling upskilling, fostering new collaborations, and strengthening the broader national AI ecosystem,” says Marcus Wallenberg, chair of Wallenberg Investments and SEB.   Read more: https://lnkd.in/dYHS4H3X

“The new EU green bond standard is a great opportunity for companies to showcase high sustainability ambitions and Taxonomy alignment in their business,” says Anssi Kiviniemi, Head of Sustainable Banking at SEB in Finland. SEB congratulates Finnish electricity distributor Elenia on being the first company in the Nordics to adopt a green finance framework aligned with the new EU Green Bond Standard (EUGBS). SEB proudly acted as Sole Sustainability Advisor on the framework. The bonds issued through the framework will be aligned with the EUGBS. Proceeds from these bonds will be allocated to projects that will support sustainable electrical infrastructure in Finland. Read more: https://lnkd.in/dguH_Cpf

We congratulate Metso, a frontrunner in sustainable technologies, end-to-end solutions and services for aggregates production, mining and metals refining, on the successful issuance of its EUR 300m 7-year bond with a coupon of 3.750%. The transaction garnered strong investor demand with the peak orderbook exceeding EUR 1bn. Metso also announced a capped Tender Offer on their existing EUR 300m 4.875% December 2027 bonds which runs until 27 May. SEB is proud to have been part of this transaction as a Joint Bookrunner and Joint Dealer Manager.

SEB is proud to have acted as Joint Bookrunner on YIT - Urban developer and construction company's Green EUR 100 million capital securities issuance. YIT is the largest Finnish construction and development company measured by revenue with operations also in Baltic and CEE countries. The transaction saw strong investor interest enabling the company to tighten the pricing by an impressive 50-100bps from initial price talk, leading to a coupon of 8.5%. This successful transaction marks YIT’s second bond issuance of the year, following the EUR 120m senior secured green transaction priced in March. YIT will use the proceeds in accordance with their outstanding Green Finance Framework. Separately, YIT has announced a Tender offer for its EUR 100m 5.750% green capital securities issued in 2021. SEB acts as Dealer Manager for the Tender Offer.

SEB is proud to have acted as Joint Bookrunner on Metsä Board's (Baa2 / BBB- / --) Green EUR 200 million 6-year senior unsecured bond issuance. Metsä Board is the leading producer of folding boxboard and white kraftliners in Europe, and the largest producer of coated white kraftliners globally. This successful issue marks Metsä Board’s return to bond market after eight-year hiatus and represents its first-ever green bond issuance.   After three days of broad marketing across the Nordics and Central-Europe, the bond was successfully priced with a coupon of 3.875% and Metsä Board tightened the pricing by 20bps from IPTs to final terms. Metsä Board intends to allocate an amount equal to the net proceeds from the offering of the Notes to finance and refinance of eligible projects in accordance with Metsä Board’s Green Finance Framework dated July 2024.

"In today’s uncertain times, we believe that having a portfolio without major deviations from a normal situation is a responsible way to manage our customers’ assets. But that doesn’t mean we are idle", says Fredrik Öberg, Chief Investment Officer at SEB’s Private Wealth Management & Family Office Division and continues: "We are constantly considering changes to adjust the balance of the portfolio in response to shifts in the market, and we are actively looking for the next possible major change in order to capture market potential as the picture clears." In the new issue of the Investment Outlook report, SEB's experts keep the portfolio close to normal, with a neutral equity weight. Find the full report and deepdive in the theme articles: https://lnkd.in/dhVBciYM

Insight Asia podcast out now! Japan’s economic situation is in this episode’s spotlight: A weak yen, booming tourism, a nice recovery after Covid and a good position in the geopolitical turmoil as a long-time US ally. But at the same time, an ageing and shrinking population, deflation and a sky-high debt per capita. SEB's chief economist, Jens Magnusson, joins Fredrik Hahnel and Sean Yokota in the discussion after visiting Japan this week. Found where your podcasts reside and at https://lnkd.in/d83AFawR