on CARREFOUR (EPA:CA)
Success of a 750 Million Euros 8-Year Sustainability-Linked Bond
Carrefour has successfully placed a Sustainability-Linked bond issue, amounting to €750 million. This bond is linked to two objectives: reduction in greenhouse gas emissions under the Group's Euro Medium Term Note programme (Scope 1 and 2) and reduction of food waste.
Main features include: - Amount: 750 million euros - Issuer: Carrefour SA - Maturity: October 2032 - Format: Fixed rate, bullet repayment - Coupon: 3.625% per annum
This issue was oversubscribed nearly four times, showing strong investor confidence. The funds raised will be used for general corporate purposes and debt refinancing. The bond holds a "BBB" rating from Standard & Poor's.
R. E.
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