Green Bond Fact Sheet

This fact sheet details a green bond issued by Ficolo, a Finnish cloud delivery service provider, on October 2, 2019. The bond, totaling EUR 20 million, is dedicated to financing data centers operated solely by renewable energy and represents several firsts for the Finnish green bond market.

• Ficolo issued a green bond on October 2, 2019, with a total amount of EUR 20 million (USD 21.8 million) and a maturity date of October 2, 2023.
• The bond is the first green high yield bond and the first green bond issued by a privately-owned company in Finland.
• Proceeds from the bond are allocated to the construction and acquisition of data centers operated entirely by renewable energy, with refinancing accounting for approximately 25% of the total. Projects related to fossil fuels are explicitly excluded.
• Ficolo's board of directors is responsible for annual reporting on its website, which will include the power usage effectiveness ratio for individual data centers, the company's environmental policy, and confirmation of 100% renewable energy usage across all data centers. No external review will be conducted for this reporting.

APA

Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-10_FI_Ficolo%281%29.pdf

Chicago

Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-10_FI_Ficolo%281%29.pdf.

Wikipedia

{{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=15 October 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-10_FI_Ficolo%281%29.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = oct, url = {https://www.climatebonds.net/files/drupal-files/files/2019-10_FI_Ficolo%281%29.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }