Published 2026-10-05 · Event 2026-10-02 · The editorial team

EcoDataCenter completes SEK 1bn green-bond issue; existing bonds set for redemption

Updated 15 October 2026: EcoDataCenter’s counsel reported the SEK 1,000m green-bond issue completed on 9 October. The issuer had set 15 October for redemption of the remaining 2024 bonds; completion of that payment is not confirmed in the sources reviewed.

Updated 15 October 2026: Roschier, which acted as legal counsel, reported on 9 October that EcoDC Holding had completed the issuance of SEK 1,000 million in senior unsecured callable green bonds. On 6 October the issuer confirmed that the remaining 2024 bonds would be redeemed in full on 15 October. That is the scheduled redemption date; the sources reviewed here do not confirm that payment has been completed. This update keeps the article’s original publication date, 5 October.

The company announced a floating coupon of three-month STIBOR plus 5.00 percentage points a year. The new bonds were issued under a SEK 2,000 million framework. EcoDataCenter said it intended to seek admission to Nasdaq Stockholm’s sustainable bond list within 12 months and to Nasdaq Transfer Market within 60 days, with an ambition of 30 days for the latter. Those are stated listing intentions, not evidence that admission has already occurred.

On 2 October the company reported valid tender instructions covering SEK 308.75 million nominal amount of its 2024 senior unsecured bonds. It said it intended to accept those instructions at 101.425 per cent of nominal amount plus accrued interest, subject to successful settlement of the new issue and receipt of its proceeds. The 6 October redemption notice says SEK 142.50 million had previously been repurchased and that the additional tendered bonds would be cancelled ahead of the redemption date. ABG Sundal Collier, a joint bookrunner, described the new proceeds as intended for refinancing the 2024 bonds and general corporate purposes under the issuer’s Green Bond Framework.

The refinancing is relevant to investors and counterparties assessing a Swedish operator’s financing. It does not identify a particular Swedish campus as the recipient of funds, publish project-level capital expenditure, or change a site’s planning, permit, construction or grid-connection status. A corporate bond framework and a campus budget are different records.

For a diligence file, check for confirmation that the 15 October redemption completed, the amount of debt remaining afterward, the final listing notices and any later allocation report under the Green Bond Framework. Then assess project-specific funding separately from a site’s land rights, permits, network-owner correspondence and construction evidence. Nasdaq’s 2025 notice identifies the 2024 bonds by ISIN SE0023111695 and records their move to its Corporate Bonds market; it does not verify the 2026 redemption payment.

Why it matters

A large refinancing can inform counterparty and capital-structure diligence, but it does not establish how much capital is committed to any Swedish site or prove new capacity.

What remains unknown

The issuer scheduled redemption of the remaining 2024 bonds for 15 October 2026; completion of that payment has not been verified here. The sources do not give a campus-level allocation, a later green-bond allocation report, or any new permit, grid agreement or construction milestone.

Sources