Ahold Delhaize Issues EUR600 Million Green Bond
By Adriano Marchese
Koninklijke Ahold Delhaize NV said Thursday that it has priced
its inaugural sustainability-linked bond amounting to 600 million
euros ($715.7 million).
The Dutch grocer said the green bond has a term of nine years,
maturing in mid-March, 2030, paying an annual coupon of 0.375%.
The company said the proceeds will be used for refinancing debt
maturities and general corporate purposes.
However, the bond is linked to achieving certain sustainability
performance targets by 2025, namely a reduction of scope one and
two CO2e emissions by 29% from a 2018 baseline, and a reduction of
food waste by 32% from a 2016 baseline.
Should it not meet those targets, the coupon will be
"Sustainability-linked bonds represent the next phase of our ESG
financing, where we bring our long-term commitments to tackle our
carbon footprint and food waste directly to our investors," Chief
Financial Officer Natalie Knight said.
Write to Adriano Marchese at firstname.lastname@example.org
(END) Dow Jones Newswires
March 11, 2021 13:23 ET (18:23 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.