H&M Group issues inaugural EUR 500 million green bond to support financing of its circularity and climate roadmap
H&M Group has issued a EUR 500 million green bond with a maturity of 8 years under its EMTN (Euro Medium Term Note) programme. The bond generated great interest amongst a broad international base of institutional investors and was more than 3.5 times oversubscribed. The net proceeds from the bond will be allocated towards eligible projects in five categories as defined in the Sustainable Finance Framework published on 1 September 2023: Circular Economy, Green Buildings, Renewable Energy, Energy Efficiency and Sustainable Water Management & Wastewater Management. “We are pleased to