Vattenfall has issued a €500 million green bond with a tenor of seven years.

The bond is the first international issuance under a Euro Medium Term Note programme listed on Nasdaq Stockholm.

The proceeds from the bond issue are earmarked for projects in four categories: renewable energy and related infrastructure; energy efficiency; electrification of transport and heat; and industrial projects.

Citi, Deutsche Bank, Nordea and SEB acted as bookrunners.