Toivo Group Plc, stock exchange release 11 May 2022 at 8:35 a.m.

Toivo Group Plc ("Toivo") has received the highest, Advanced rating for its Green Finance Framework from Moody's ESG Solutions. The Green Finance Framework combined with the Advanced rating strengthens Toivo's ability to make use of sustainable financial instruments in any future debt issuance.

Toivo has established the Green Finance Framework to promote the achievement of positive environmental impacts in Toivo's business operations with the help of sustainable financing. The Green Finance Framework provides Toivo with the capacity for securing green financing in various forms, including bank loans and bonds. The potential proceeds from issuance under the framework will be used to finance or refinance, in part or in full, projects and expenses in line with the Green Finance Framework, such as the construction and purchasing of new energy efficient buildings and renovations aiming to improve energy efficiency, which offer clear environmental benefits in accordance with the criteria specified in the Green Finance Framework. Learn more at investors.toivo.fi.

Nordea Bank Abp acted as Green Structurer for Toivo's Green Finance Framework, while Bird & Bird Attorneys Ltd. acted as Toivo's legal adviser.

Toivo Group Plc

Further information: 

Markus Myllymäki

CEO

Toivo Group Plc

Tel. +358 (0)40 847 6206

markus.myllymaki@toivo.fi

 

Certified Adviser: Danske Bank A/S, Finland branch, tel. +358 (0)50 575 4422

Toivo in brief

Toivo is a Finnish real estate company that was founded in 2015. Its business consists of developing apartment lots, constructing housing and ownership of apartments. The Company's business model is unique as Toivo's business combines the value chain of real estate business from development and construction to ownership, management and rental of a completed property. Toivo manages the entire life cycle of residential real estate with its own team, from raw land development to renting apartments. This way Toivo is able to generate additional value to its customers, shareholders and stakeholders.

Toivo's strategy is to develop apartments in accordance with the Toivo concept. The apartments aim for a strong development margin and a stable and attractive return, and this way enable long-term ownership and the generation of higher additional value to Toivo's customers. Toivo has a knowledgeable and experienced team of experts with strong merits in the real estate business. The members of Toivo's team have been involved in the development and construction of over 17,000 apartments, and they have an average of ten years of experience.

Toivo's revenue in 2021 was EUR 13.6 million and its operating profit was EUR 15.8 million.

 

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