Tag: Sustainability Bond

Mars completes $2.5 billion bond offering marking an important milestone in its sustainability efforts to tackle global environmental and social threats

Stuart Mitchell

Mars, Incorporated have announced that it has successfully completed its previously announced offering of $2.5 billion of senior notes, consisting of $1.0 billion in aggregate principal amount of 4.550% Senior Notes due 2028 (the “2028 Notes”), $500 million in aggregate principal amount of 4.650% Senior Notes due 2031 (the “Sustainability Notes”) and $1.0 billion in aggregate principal amount of 4.750% Senior Notes due 2033 (the “2033 Notes” and, together with the 2028 Notes and the Sustainability Notes, the “Notes”).  The Notes are guaranteed on a joint and several basis by…

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Compass Group issues first Sustainable Bonds to support Net Zero ambitions

Stuart Mitchell

Compass Group, the world’s largest food services group, has successfully issued two Sustainable Bonds, raising proceeds of €500m and £250m respectively, which will be used to progress the Group’s sustainability initiatives and the delivery of its global Climate Net Zero target. In October 2021, Compass became the first international company in the contract catering industry to announce a global commitment to Climate Net Zero by 2050, including validated Science Based Targets and a commitment to be carbon neutral worldwide in its own operations by 2030. The new Sustainable Bond issuances…

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Merck Issues $1 Billion Inaugural Sustainability Bond

Stuart Mitchell

Merck, known as MSD outside the United States and Canada, today announced its inaugural issuance of a $1 billion sustainability bond, which was part of an $8 billion underwritten public offering of notes that closed on Dec. 10, 2021. Merck’s environmental, social and governance (ESG) efforts are grounded in the core values that have always guided the company’s mission to invent for life, with a responsibility to patients and animals in need of medicines and vaccines, and with respect, inclusion and accountability to its employees. The company’s 130-year legacy has…

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Scotiabank Issues USD 1 Billion Sustainability Bond

Stuart Mitchell

Scotiabank has announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank’s commitment to making a positive impact and creating better communities for every future. Net proceeds from the Sustainability Bond offering will be used to fund the financing or refinancing, in whole or in part, eligible green and/or social assets, which refer to new or existing assets, businesses or projects that meet the Scotiabank Sustainable Bond Framework Eligibility Criteria. This is the largest Sustainability Bond issued by a Canadian Financial or…

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Principal Financial Group® Issues $600 Million Sustainability Bond

Stuart Mitchell

Principal Financial Group® issued its first sustainability bond on August 16 in the amount of $600 million as part of the company’s commitment to integrating and advancing Environmental, Social, and Governance (ESG) practices and initiatives in its organization and operations. “Principal® is committed to being sustainable in our actions and solutions, and intentional in how we’re making progress toward our purpose,” said Deanna Strable, executive vice president and chief financial officer for Principal Financial Group. “The issuance of a sustainability bond gives us an additional pathway to stimulate positive change…

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