H&M Group’s sustainability work attracts bond market attention
H&M Group has today issued a EUR 500 million sustainability-linked bond with a maturity of 8.5 years. The annual coupon rate is 0.25 percent. The bond generated great interest and was 7.6 times oversubscribed.Sustainability-linked bonds are something new on the bond market. In contrast to green bonds, where the funds are linked to specific projects, sustainability-linked bonds are coupled to the company meeting a number of defined sustainability targets. “For H&M Group, sustainability is an integral part of our operations. This type of bond creates a clear and transparent commitment and