23 October 2023, Mumbai
H&M Group has successfully issued a EUR 500 million green bond with an 8-year maturity period as part of its EMTN (Euro Medium Term Note) program.
The bond garnered significant interest from a wide international institutional investor base and was oversubscribed by over 3.5 times.
Allocation of Proceeds
The net proceeds from this bond will be earmarked for eligible projects falling within the five defined categories outlined in the Sustainable Finance Framework introduced on September 1, 2023.
These categories include circular economy, green buildings, renewable energy, energy efficiency, sustainable water management, and wastewater management.
Bond Listing and Assistance
The bond will be listed on Euronext Dublin's regulated market and was placed with the support of BNP Paribas, ING, J.P. Morgan, SEB, and UniCredit, with ING also providing advisory services for the Sustainable Finance Framework.
