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 adjusted.

"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


(END) Dow Jones Newswires

March 11, 2021 13:23 ET (18:23 GMT)

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