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  • Telia Company's second green hybrid bond will finance more energy efficient networks and green digital solutions
  • Bond issued as part of Telia's refinancing of upcoming call dates for outstanding hybrid bonds in 2022 and 2023
  • The issued hybrid bond has a maturity of 61.25 years with the first reset date after 6.25 years; the coupon is 2.75 percent and the re-offer yield has been set at 2.875 percent

Telia Company today issued its second green hybrid bond of EUR 500 million. The proceeds will finance more energy efficient networks, including the Swedish network transformation from copper to fiber and deployment of 5G, as well as digital solutions that enable customers to reduce energy use and emissions. The new hybrid bond is issued as part of Telia's refinancing of the upcoming call dates for the outstanding hybrid bonds in October 2022 and April 2023.

Agneta Wallmark, VP Head of Group Treasury at Telia Company, says: "The volatility in the financial markets during the start of 2022 has been challenging hence we are very pleased to have taken the opportunity to refinance part of our coming hybrid calls and issue another green hybrid bond as part of our ambition to integrate sustainability also in our funding activities. These investments will increase energy efficiency and unlock the environmental benefits of digitalization in various sectors, including through Telia's own digital solutions that are enabling customers to reduce energy use and greenhouse gas emissions".

The bond was, as last time, issued under Telia's Green Bond Framework (http://chrome-extension://efaidnbmnnnibpcajpcglclefindmkaj/viewer.html?, which outlines how the proceeds can be used and how impacts will be reported. It has a maturity of 61.25 years with the first reset date after 6.25 years. The coupon is 2.75 percent and the re-offer yield has been set at 2.875 percent.

The hybrid bond is expected to be rated two notches below Telia's senior rating, i.e. BBB- (S&P) and Baa3 (Moody's) and will be treated as 50 percent equity and 50 percent debt, to be confirmed by the rating agencies. The bond will be accounted for as interest-bearing debt and will be subordinated to Telia's senior debt.
A Tender Offer for buying back up to EUR 500 millions of outstanding hybrid bonds with call dates in October 2022 and April 2023 has also been announced. The Tender Offer constitutes part of the company's strategy to proactively manage the portfolio of hybrid bonds and the total size of the company's hybrid notes will remain unchanged. This early refinancing strengthens the balance sheet by replacing shorter dated hybrids with a longer dated hybrid bond.
The Joint Bookrunners mandated by Telia for this transaction were Barclays, BofA Securities, Citigroup and Nordea.
For more information, please contact our press office +46 771 77 58 30, visit our Newsroom ( or follow us on Twitter @Teliacompany (

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Telia Company on vuonna 2003 perustettu monikansallinen teleoperaattori, joka tarjoaa kiinteän verkon ja mobiilin tietoliikennepalveluja. Telia on Bonnier kaupan myötä Pohjoismaiden suurimmista TV-yhtiöistä. Yhtiön asiakkaita ovat niin yritys- kuin kuluttaja-asiakkaatkin. Yhtiön kotipaikkana on Tukholma. Telian osakkeet ovat noteerattu Helsingin ja Tukholman pörsseissä.