H&M Plans Foray Into Sustainability-Linked Bond Market
- Swedish clothier plans euro bonds tied to sustainability goals
- Company said in late January it was operating in ‘crisis mode’
This article is for subscribers only.
Hennes & Mauritz AB plans to join a growing pool of issuers of bonds with coupons tied to targets aimed at protecting the environment when it makes its bond market debut
The Swedish clothing retailer hired banks to arrange a 500-million-euro ($607.1 million) offering of eight-and-a-half-year bonds, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The bond will be structured in a way that will encourage H&M to increase use of recycled materials and cut greenhouse gas emissions, the person said.