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Epiroc issues green bonds to further advance fossil-free solutions

May 4, 2023 08:30 CEST

Stockholm, Sweden: Epiroc, a leading productivity and sustainability partner for the mining and infrastructure industries, has made a second green bonds issuance to further support the financing of the continued development of sustainable products and solutions that will contribute to a more fossil-free world.  

Epiroc yesterday issued a green bond amounting to SEK 1.5 billion, its second green bond following the first transaction in September 2022. The issuance saw strong investor interest with an order book close to SEK 3 billion. The tenor is five years with one fixed and one floating interest rate tranche. The fixed and floating tranche amounted to SEK 1 billion and SEK 0.5 billion, respectively. The fixed tranche has a coupon 4.063% and the floating tranche has an interest of 3M STIBOR plus 1.10%. The bond is issued under Epiroc’s Euro Medium Term Note (EMTN) program, with reference to Epiroc’s Green Bond Framework, which is available on Epiroc’s Debt page. The bonds will be listed on Euronext Dublin. Danske Bank and Handelsbanken acted as Joint Lead Managers for the transaction.

The proceeds will enable us to finance sustainable investments and achieve our sustainability goals for 2030,” says Håkan Folin, Epiroc’s Chief Financial Officer. “We continue to accelerate the transformation toward a more sustainable industry and society.” 

The proceeds can be used to finance Epiroc’s development in these three categories:
Products and production technologies.  These may for example include battery-electric machines, diesel-to-battery conversion technology, automation and digitalization solutions that increase efficiency and lower emissions, and environmentally friendly raw materials such as fossil-free steel.
Energy efficiency.  This may range from developing design solutions and data management to optimize customers’ energy efficiency, to 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.

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

Epiroc is a global productivity partner for mining and infrastructure customers, and accelerates the transformation toward a sustainable society. 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 50 billion in 2022, and has around 18 000 passionate employees supporting and collaborating with customers in around 150 countries. Learn more at

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