UPM issues its third green bond

Citigroup, Commerzbank, Crédit Agricole CIB, Nordea and Swedbank acted as Joint Bookrunners for the transaction.

The net proceeds from the bond will be used for financing and/or refinancing of Eligible Projects and Assets under UPM's Green Finance Framework established in November 2020. The indicative allocation of the framework categories to be used are climate-positive products and solutions, sustainable forest management and pollution prevention and control, including waste management.

“With the successful third issuance, UPM becomes one of the largest corporate green eurobond issuers in the Nordics with a total of EUR 1,750 million issued. We are once again delighted for the confidence and interest shown by the investors. This third green bond continues to support us in achieving our responsibility targets as defined in our Biofore strategy,” says UPM´s CFO Tapio Korpeinen.

The base prospectus, supplement to the base prospectus and the Green Finance Framework are available on UPM's website at www.upm.com/investors/upm-as-an-investment/debt/.

For further information please contact:
Kenneth Råman, SVP, Treasury and Risk Management, UPM, tel. +358 400 477 287

UPM, Media Relations
Mon-Fri 9:00-16:00 EEST
tel. +358 40 588 3284
[email protected]

Disclaimer
The information contained in this release shall not constitute an offer to sell or the solicitation of offers to buy securities of UPM-Kymmene Corporation in any jurisdiction and the information contained herein may not be distributed or published in any jurisdiction or under any circumstances in which it is not authorized or is unlawful. In particular, this release does not constitute an offer to sell, or a solicitation of offers to buy or subscribe for, securities in the United States, Canada, Australia, Hong Kong, South Africa or Japan. Any securities referred to herein have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended, and may not be offered, exercised or sold in the United States or to U.S. persons absent registration or an applicable exemption from registration requirements.

In the United Kingdom, the information in this release may be distributed only to, and may be directed at, (a) persons who have professional experience in matters relating to investments falling within Article 19(1) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the “Order”) or (b) high net worth entities falling within Article 49(2)(a) to (d) of the Order, and other persons to whom it may be lawfully communicated, falling within Article 49(1) of the Order (all such persons together being referred to as “relevant persons”). Any person who is not a relevant person should not act or rely on this release or any of its contents.

UPM
We deliver renewable and responsible solutions and innovate for a future beyond fossils across six business areas: UPM Fibres, UPM Energy, UPM Raflatac, UPM Specialty Papers, UPM Communication Papers and UPM Plywood. As the industry leader in responsibility, we are committed to the UN Business Ambition for 1.5°C and the science-based targets to mitigate climate change. We employ 17,000 people worldwide and our annual sales are approximately EUR 9.8 billion. Our shares are listed on Nasdaq Helsinki Ltd. UPM Biofore – Beyond fossils. www.upm.com

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