Debt and hybrid investors

One of the key tasks of SRV’s financing is, in accordance with the treasury policy, to ensure sufficient funds to achieve the operational business and strategic goals. In addition, the objective is to arrange financing as cost effectively as possible while minimising net financial costs, to safeguard sufficiently diverse sources of financing and to ensure effective management of financial risks. 

Green Bond Framework

SRV has established a Green Bond Framework to support investments that promote the transition toward a carbon-neutral circular economy and to further integrate its sustainability goals into its financing. The purpose of the Green Bond Framework is to enable the issuance of green bonds to finance environmentally friendly projects. Green financing under this framework is one of the means to achieve SRV’s carbon neutrality targets for its operations.

Credit rating agency Moody’s has provided an independent external assessment of SRV’s Green Bond Framework, confirming its reliability, impact, and alignment with the International Capital Market Association (ICMA) principles for green bonds. Nordea and Swedbank acted as advisors in the preparation of the framework.

Green Bond Framework (pdf)

ESG questionnaire (pdf)

Second party opinion Moody’s (pdf) 
 

EUR 22.5 million green capital securities

SRV Group Plc announced on 24 November 2025 that it will issue a new unsecured and subordinated capital securities of EUR 22.5 million. The capital securities has no specified maturity date, but SRV is entitled to redeem the capital securities at their nominal amount on the reset date of 1 December 2028 and on each interest payment date thereafter.

The capital securities bear a fixed interest rate of 10.00% per annum from the issue date to the reset date. From the reset date, the capital securities will bear a floating interest rate as defined in the terms and conditions of the capital securities.

An amount equivalent to the net proceeds from the issue of the capital securities will be used for financing or refinancing of eligible green projects in accordance with SRV's Green Bond Framework.

On 27 November 2025, SRV announced that the Finnish Financial Supervisory Authority has approved the listing prospectus of the capital securities.

¹ The capital securities bear a fixed interest rate of 10.00% per annum from the issue date to 1.12.2028 (the reset date). From the reset date, the capital securities will bear a floating interest rate as defined in the terms and conditions of the capital securities.
 

A EUR 75 million bond and a EUR 100 million bond

SRV Group Plc (“SRV”) announced on 28 April 2022 that it was inter alia commencing written procedures regarding potential amendments to the terms and conditions of SRV’s EUR 100 million unsecured fixed-rate notes with ISIN code FI4000198122 (of which EUR 21,061,512 is outstanding after the amount of the Notes redeemed in the earlier announced tender offer process 30.6.2022 has been confirmed) (“EUR 21 million Notes”) and EUR 75 million unsecured fixed-rate notes with ISIN code FI4000315395 (of which EUR 36,047,145 is outstanding after the amount of the Notes redeemed in the earlier announced tender offer process 30.6.2022 has been confirmed) (“EUR 36 million Notes” and together with the EUR 21 million Notes “Notes”). Since that, SRV has inter alia disclosed the results of the written procedures.

1.7.2022  SRV announced that the hybrid terms and conditions of the Notes that were approved in the written procedures have become effective on 30 June 2022, after trading with the Notes for the trading day had ended in the Helsinki Stock Exchange. The Notes bear interest on their outstanding principal amount from and including the date on which the hybrid terms and conditions have become effective, i.e., from and including 30 June 2022.