Eramet announced today that it has successfully placed a sustainability-linked bond issue for 500 million euros with a 5.5-year maturity and an annual coupon of 6.5%.

This bond issue was very well received by a diversified base of institutional investors in France and internationally. The issue was more than 3 times subscribed.

The Bond Issue is linked to two sustainable performance objectives, namely the reduction by 37%, compared with 2019, of the Eramet Group's annual greenhouse gas emissions intensity per tonne produced (scope 1 and scope 2) by December 31, 2026, and the increase to 67% of the share (in terms of emissions) of its suppliers and customers with decarbonization objectives for their own greenhouse gas emissions (scopes 1 and 2).

The Bond Issue, scheduled for settlement and delivery on May 30, 2024, is expected to be admitted to trading on the Euronext regulated market in Paris, and to be rated Ba2 by Moody's and BB by Fitch.

Copyright (c) 2024 CercleFinance.com. All rights reserved.