Top News > NKT – NKT A/S successfully issues green hybrid securities

NKT – NKT A/S successfully issues green hybrid securities

March 13, 2026
NKT

NKT A/S has now priced the new EUR denominated green callable subordinated capital securities (the “Securities”).

 

The aggregate principal amount of the Securities will be EUR 150,000,000.

The issue price of the Securities will be 100% and the Securities will bear a coupon of 5.00% p.a. until the first call date. The settlement date for the Securities is 19 March 2026. The maturity date is 19 March 3026 with a first call date on 19 March 2030.

– We are pleased to have successfully completed the issuance of new green hybrid securities with high investor interest supporting our growth ambitions while maintaining a robust financial foundation. Power cable systems are central to a dynamic energy ecosystem, enabling the transition to clean energy and electrification of society, and with this acknowledgement from investors, NKT will continue to be a key player in this growing market in the years ahead, says NKT CFO, Line Fandrup.

 

The net proceeds from the Securities will be applied for financing or refinancing of tangible assets and operational expenditures that have been evaluated to have distinct sustainable benefits in accordance with NKT’s newly updated Green Finance Framework.

The Securities are intended to be listed on Nasdaq Copenhagen A/S’ regulated market (under the Sustainable Debt segment) no later than 1 October 2026.

Danske Bank A/S and Skandinaviska Enskilda Banken AB (publ) acted as Joint Global Coordinators and Joint Green Bond Structurers and Joint Bookrunners and Nordea Bank Abp and Nykredit Bank A/S as Joint Bookrunners for the Securities.

The information provided in this announcement does not change the 2026 financial outlook for NKT.

 

 

SourceNKT

EMR Analysis

More information on NKT: See the full profile on EMR Executive Services

More information on Claes Westerlind (President and Chief Executive Officer, NKT): See the full profile on EMR Executive Services

More information on Line Andrea Fandrup (Executive Vice President, Chief Financial Officer, NKT till end of April 2026): See the full profile on EMR Executive Services

More information on Michael Yong (Member of the Global Leadership Team, Chief Strategy Officer, NKT till April 1, 2026 + Executive Vice President, Chief Financial Officer, NKT as from April 1, 2026): See the full profile on EMR Executive Services

More information on Charging Forward (Corporate Strategy 2025) by NKT: See the full profile on EMR Executive Services

 

 

 

More information on Nasdaq: https://www.nasdaq.com/ + Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence.

Positioned at the nexus of technology and the capital markets, Nasdaq provides premier platforms and services for global capital markets and beyond with unmatched technology, insights and markets expertise.

The Nasdaq Stock Market LLC was founded in 2011. The company’s line of business includes the furnishing of space and other facilities to members for the purpose of buying, selling, and trading in stocks, options, bonds, and commodities.

More information on Adena T. Friedman (Chair and Chief Executive Officer, Nasdaq): https://ir.nasdaq.com/corporate-governance/nasdaq-inc/officers + https://www.linkedin.com/in/adenatfriedman/ 

 

 

 

More information on Danske Bank A/S: https://danskebank.com/ + For more than 150 years, Danske Bank has helped enable growth and development in society. We have developed in tandem with the societies we are part of, and our advisory services, expertise and financial solutions have helped individuals, families, businesses and organisations to realise their ambitions and potential.

  • Helping more than 2.2 million personal customers in 8  countries
  • More than 200.000 small and medium-sized business customers
  • More than 35 percent of large corporates in the Nordics
  • More than 20,000 employees

More information on Carsten Ergeriis (Chief Executive Officer, Danske Bank A/S): https://danskebank.com/about-us/management + https://www.linkedin.com/in/carsten-egeriis/ 

 

 

 

More information on Skandinaviska Enskilda Banken AB (SEB): https://seb.se/ + SEB is a leading Northern European financial group with an international reach. Our purpose is to positively shape the future with responsible advice and capital, today and for future generations. By collaborating with our customers, we want to be a leading catalyst in the transition to a more sustainable world. In Sweden and the Baltic countries, we offer a wide range of financial services and advice. In Denmark, Finland, Norway, Germany and the UK, we focus on corporate and investment banking based on a full-service concept for companies and institutions. Our international character is reflected in our presence in more than 20 countries worldwide with approximately 18,600 employees. On 31 December 2025, the Group’s total assets amounted to SEK 3,671 billion and assets under management to SEK 2,904 billion.

More information on Johan Torgeby (President and Chief Executive Officer, Skandinaviska Enskilda Banken AB (SEB)): https://sebgroup.com/about-us/corporate-governance/sebs-president-and-group-executive-committee/group-executive-committee + https://www.linkedin.com/in/johan-torgeby-02177539/ 

 

 

 

More information on Nordea Bank: https://www.nordea.com/en + Nordea is a leading Nordic financial services group and the preferred choice for millions of customers across the region. For more than 200 years, we have proudly served as a trusted financial partner for individuals, families and businesses – enabling dreams and aspirations for a greater good. Our vision is to be the best-performing financial services group in the Nordics, accelerating through our scale, people and technology. The Nordea share is listed on the Nasdaq Helsinki, Nasdaq Copenhagen and Nasdaq Stockholm exchanges.

More information on Frank Vang-Jensen (President and Group Chief Executive Officer, Nordea Bank): https://www.nordea.com/en/about-us/corporate-governance/ceo-and-leadership-team + https://www.linkedin.com/in/frank-vang-jensen/ 

 

 

 

More information on Nykredit Bank A/S: https://www.nykredit.com/en-gb/ + Nykredit is a financial mutual, governed by our customers, founded by our customers and operating for our customers.

The Group is the leading mortgage lender to Danish homeowners, businesses and agriculture. The mortgages are offered though a diversified, multi-channel distributions approach built around a group of partner banks and direct own distribution channels.

Nykredit Markets offers capital markets services with a focus on fixed income products, debt capital markets and other services to domestic and international customers

  • 46.1% of mortgage lending in Denmark, distributed across the country
  • 36 Totalkredit partner banks
  • DKK 12.445 bn – Group profit after tax end-2025 (DKK billion)

More information on Michael Rasmussen (Group Chief Executive Officer, Nykredit Bank A/S): https://www.nykredit.com/en-gb/om-os/organisation/eksekutiv-komite_en/ + https://www.linkedin.com/in/michael-rasmussen/ 

 

 

 

 

 

 

 

 

 

 

EMR Additional Notes:

  • Securities:
    • Securities are fungible, tradable financial instruments used to raise capital in public or private markets, representing either ownership (equity), debt (creditor relationships), or rights to ownership (derivatives). Common examples include stocks, bonds, and mutual funds, which allow investors to own a piece of a company or loan money to entities.
    • The four main types of financial securities are equity, debt, derivatives, and hybrid securities. These instruments represent either ownership, debt, or a contract based on an underlying asset, designed for trading in financial markets to offer income, capital appreciation, or risk management.
  • Capital Securities:
    • Capital securities are hybrid financial instruments combining features of both debt and equity, often issued by banks and insurance companies to meet regulatory capital requirements. They are deeply subordinated in the capital structure, typically paying higher yields than senior bonds and allowing issuers to defer payments.
  • Callable Subordinated Capital Securities:
    • Callable subordinated capital securities are specialized, high-yield financial instruments that combine features of both debt and equity. They are primarily issued by banks, insurance companies, and other financial institutions to bolster their regulatory capital requirements (such as Tier 1 or Tier 2 capital).
    • These securities are subordinated, meaning they rank below senior debt in the capital structure, placing them at higher risk of loss in the event of issuer default. They are callable, giving the issuer the option—but not the obligation—to redeem or “call back” the securities at a specified price before their maturity date.
  • Green Subordinated Capital Securities:
    • The proceeds are strictly earmarked to finance or refinance projects with positive environmental impacts, such as renewable energy, clean transportation, or energy efficiency.

 

 

  • Power Cable:
    • A power cable is a type of electrical cable used to transmit electrical power. It typically consists of one or more insulated conductors surrounded by a protective outer sheath.
    • Types of power cables:
      • Overhead cables: These are suspended from poles or towers and are commonly used for long-distance power transmission.
      • Underground cables: These are installed underground and are typically used for local distribution or in areas where overhead lines are impractical or unsafe.
      • Submarine cables: These are laid underwater to connect islands, countries, or offshore wind farms to the mainland power grid.
      • Medium-voltage cables: These are used for the distribution of electrical power from substations to local areas.
      • Low-voltage cables: These are used for the final distribution of power to individual homes and businesses.
  • Superconducting Power Cable:
    • A superconducting power cable is a type of electrical cable that uses superconducting materials to conduct electricity with zero resistance. This means that no energy is lost due to heat dissipation, making it significantly more efficient than traditional copper or aluminum cables. Superconducting cables can be used to transmit large amounts of power over long distances with minimal energy losses.
  • High-Temperature Superconducting (HTS) Cable:
    • High-temperature superconducting (HTS) cables are electrical wires that can carry large amounts of current with no resistance, or energy loss, when cooled to a specific low temperature. Unlike conventional copper cables, they don’t produce heat during operation. The “high-temperature” designation is relative, meaning they can operate at temperatures achievable with the more affordable and abundant liquid nitrogen (~-196°C), rather than the much colder liquid helium required for older, low-temperature superconductors. This makes them a more practical technology for power transmission and other applications.
  • Telecommunication Cable:
    • Distinct category of cable with a different primary purpose: transmitting signals rather than power.
    • Telecommunication cables transmit various signals, like voice, data, and video, over distances and include types such as twisted pair cables, which use insulated copper wires for signals; coaxial cables, designed to carry both signals and ground in concentric layers; and fiber optic cables, which transmit data as pulses of light.

 

 

 

 

 

 

 

 

 

 

 

EMR Additional Financial Notes: