Epiroc issues green bonds amounting to SEK 2 billion

September 8, 2022 08:30 CEST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has issued green bonds to finance sustainable investments, expenditures, and R&D.  

An Epiroc Scooptram ST14 Battery loader

Epiroc yesterday issued SEK 2 billion in green bonds with considerable investor interest and an order book exceeding SEK 3 billion. The tenor is five years, and the bond has two tranches, one fixed and one floating. The fixed tranche of SEK 1.5 billion has a coupon of 4.155% and the floating tranche of SEK 0.5 billion was priced at 3M STIBOR plus 1.20%. The bond is issued under Epiroc’s Euro Medium Term Note (EMTN) program, with reference to Epiroc’s recently established Green Bond Framework, which is available on Epiroc’s Debt page. The bonds will be listed on Euronext Dublin. SEB and Nordea acted as Joint Lead Managers for the transaction and SEB as Advisor for the Green Bond Framework.


Epiroc plays a vital role in the transition to a low-carbon society,” says Håkan Folin, Epiroc’s Chief Financial Officer. “This new financing will support us as we continue our sustainability journey and invest in innovative products and technologies that make our customers’ and our own operations more sustainable.”   


The proceeds can be used to finance projects in the following three categories. The Green Bond Framework includes additional examples of how the proceeds may be used.

  • Products and production technologies. Examples of these may include battery-electric machines, diesel-to-battery conversion technology, Batteries as a Service product offering, automation and digitalization solutions that increase efficiency and lower emissions, design for recycling, circularity and reuse of material, and environmentally certified raw materials such as fossil-free steel.
  • Energy efficiency. This may for example include developing design solutions and data management to optimize customers’ energy efficiency and installing solar panels at Epiroc’s production facilities.
  • Sustainable water and wastewater management. This may include developing efficient water-well drilling equipment and reducing wastewater in operations.

Epiroc’s ambitious sustainability goals for 2030 include halving its CO2e emissions. In 2021, Epiroc received validation from the Science Based Targets initiative (SBTi) for the targets to halve its CO2e emissions in own operations as well as from the use of sold products. The SBTi validated Epiroc’s climate targets as being in line with keeping global warming at a maximum 1.5°C, consistent with the latest climate science and the goal of the Paris Climate Agreement. 


For more information please contact:
Ola Kinnander, Media Relations Manager
+46 70 347 2455


Epiroc is a vital part of a sustainable society and a global productivity partner for mining and infrastructure customers. With ground-breaking technology, Epiroc develops and provides innovative and safe equipment, such as drill rigs, rock excavation and construction equipment and tools for surface and underground applications. The company also offers world-class service and other aftermarket support as well as solutions for automation, digitalization and electrification. Epiroc is based in Stockholm, Sweden, had revenues of SEK 40 billion in 2021, and has more than 15 500 passionate employees supporting and collaborating with customers in more than 150 countries. Learn more at

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