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Henkel places sustainability-linked bonds worth millions

Henkel launched its first bond issue under the new Sustainable Finance Framework.

As the group announced, it has placed two sustainability-linked bonds with a total volume of around 720 million euros. The financing costs are linked to the achievement of Henkel’s sustainability goals.

One bond has a volume of 500 million euros, a term of eleven years and an interest rate of 0.5 percent, the other a volume of 250 million US dollars, a term of five years and an interest rate of 1.8 percent. Henkel intends to use the proceeds from the issue for general corporate purposes, including refinancing a bond that has matured.

FRANKFURT (Dow Jones)

Reference-www.finanzen.at

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