Every year, millions of people in the world suffer from conditions that require life-supporting medical technology. In addition, there is a great need for reliable products in order to safely and effectively accelerate the development and production of necessary medicines in a safe and cost effective way, so that more patients can get access.
In order to finance initiatives with clear social sustainability benefits like this, a new social framework has been created and a new social bond has been issued. The framework has been reviewed by a third party, Sustainalytics, to ensure that it meets international principles of sustainable finance.
The new social bond was issued on
"After only 20 minutes of book building, the offer was oversubscribed several times and to better terms than we had dared to hope for. We will return regularly to the market with offers like this, so that more investors will have an opportunity to participate in the future", says Lars Sandström, CFO at
Closing was made with a total volume of
The capital from this social bond will be used to expand the production of extracorporeal life support (ECLS) products for treatment for patients in a highly critical condition and to expand the production of BetaBags® which is used to minimize the risk of contamination in connection with drug production, such as COVID-19 vaccines and biopharmaceutical drugs.
Both ECLS and BetaBags® have received extensive and positive international attention in connection with the COVID-19 pandemic, and the need is expected to continue to increase for the foreseeable foreseeable period.
"For us at
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E-mail: lars.mattsson@getinge.com
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With a firm belief that every person and community should have access to the best possible care,
https://news.cision.com/getinge/r/getinge-grows-with-social-funding,c3360682
https://mb.cision.com/Main/942/3360682/1427519.pdf
https://news.cision.com/getinge/i/2020-lars-sandstrom-928x522,c2921668
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