Stockholm County Council has issued a new green bond. This is a way of borrowing money for investment projects with a particular environmental focus. The loan amounts to SEK 2.5 billion and runs for almost three years at an interest of 0.19 per cent. It is the sixth green bond issued by Stockholm County Council.
On this page you will find the latest financial news from the Stockholm County Council in English.
Now, the independent credit rating institute Standard & Poor’s has yet again announced that Stockholm County Council is keeping its high credit rating.
Stockholm County Council’s upgraded framework for green bonds receives the highest possible rating, dark green, as announced by the independent institute that conducted the assessment.
More patients were given doctor’s appointments within the care guarantee’s limit and the percentage of satisfied passengers increased in public transport. Major investments are being made in both healthcare and public transport with finances in balance. These are some of the highlights of Stockholm County Council’s annual report for 2017.
Stockholm County Council is keeping its high AA+ long-term credit rating and A-1+ short-term credit rating, according to the independent credit rating institute Standard & Poor’s.
Stockholm County Council has now published its annual investor report for green bonds, the Green Bond Impact Report.
Stockholm County Council had a surplus of SEK 2,130 million before transition costs, as reported in its year-end report for 2017.
The surplus before transition costs for the period January-August was SEK 3,370 million. The forecast full-year surplus before transition costs for 2017 is SEK 1,300 million.
As Stockholm County grows, many public investments in healthcare and public transport are being financed with so-called green bonds. A green bond means that the money that the County Council borrows will only be used to finance various environmental projects in the scope of the County Council’s framework for green bonds and environmental programmes.