Legrand Announced Today Its First Sustainability-linked Bond Issue Indexed on Its Carbon Neutrality Trajectory, for an Amount of €600 Million
29 Septembre 2021 - 6:00PM
Business Wire
Regulatory News:
NOT FOR DISTRIBUTION IN THE UNITED STATES,
JAPAN, CANADA OR AUSTRALIA
Legrand (Paris:LR) today completed its first
sustainability-linked bond issue indexed on its carbon neutrality
trajectory. This issue totaled €600 million, at a fixed rate, with
a 10-year maturity and an annual coupon of 0.375%.
Its conditions are linked to Legrand’s 2030 targets for reducing
greenhouse gas emissions validated by the SBTi1, which aim to hold
global warming to 1.5°C. These are detailed in the
Sustainability-Linked Financing Framework available on the Group’s
website2.
The operation reflects Legrand’s ongoing commitment to reach
carbon neutrality (Scopes 1, 2 and 3) by 20503.
The success of this bond issue, significantly over-subscribed,
demonstrates once again investors’ confidence in the soundness of
Legrand’s profitable and responsible development model.
------------------------
1 For more information, readers are referred to
the press release dated July 30, 2021. 2 For more information,
readers are referred to the legrandgroup.com website, on the
following page:
https://www.legrandgroup.com/en/endettement-investisseurs-obligataires.
3 For more information, readers are referred to the press release
dated July 2, 2020.
Key financial dates:
- 2021 nine-month results: November 4, 2021 “Quiet
period1” starts October 5, 2021
- 2021 annual results: February 10, 2022 “Quiet period1”
starts January 11, 2022
- General Meeting of Shareholders: May 25, 2022
1 Period of time when all communication is suspended in the
run-up to publication of results.
About Legrand
Legrand is the global specialist in electrical and digital
building infrastructures. Its comprehensive offering of solutions
for commercial, industrial and residential markets makes it a
benchmark for customers worldwide. The Group harnesses
technological and societal trends with lasting impacts on buildings
with the purpose of improving life by transforming the spaces where
people live, work and meet with electrical, digital infrastructures
and connected solutions that are simple, innovative and
sustainable. Drawing on an approach that involves all teams and
stakeholders, Legrand is pursuing its strategy of profitable and
sustainable growth driven by acquisitions and innovation, with a
steady flow of new offerings—including Eliot* connected products
with enhanced value in use. Legrand reported sales of €6.1 billion
in 2020. The company is listed on Euronext Paris and is notably a
component stock of the CAC 40 and CAC 40 ESG indexes. (code ISIN
FR0010307819). https://www.legrandgroup.com
*Eliot is a program launched in 2015 by Legrand to speed up
deployment of the Internet of Things in its offering. A result of
the group’s innovation strategy, Eliot aims to develop connected
and interoperable solutions that deliver lasting benefits to
private individual users and professionals. https://www.legrandgroup.com/en/group/eliot-legrands-connected-objects-program
Warnings This press release is for information purposes
only and is not an offer to sell securities or a solicitation to
buy securities in any jurisdiction. The securities mentioned in
this press release have not and will not be offered through a
public offering and no related documents will be distributed to the
public in any jurisdiction. The circulation, publication or
distribution of this press release is forbidden in any country
where such circulation, publication or distribution would be
unlawful. This press release may not be published, distributed or
transmitted in the United States (including its territories and
dependencies, any State of the United States and the District of
Columbia). This press release is not an offer for the sale of the
securities of Legrand in the United States or any other
jurisdiction. The securities mentioned in this press release may
not be offered or sold in the United States of America or to, or
for the account of or for the benefit of U.S. persons (as defined
in Regulation S of the US Securities Act of 1933, as amended, the
“Securities Act”), without registration except pursuant to
an exemption from, or a transaction not subject to the Securities
Act. Legrand does not intend to register the offering, in whole or
in part, in the United States or to conduct a public offering in
the United States.
The reader is invited to verify authenticity of press releases
by Legrand with the CertiDox app. More information on
www.certidox.com
View source
version on businesswire.com: https://www.businesswire.com/news/home/20210929005747/en/
Investor relations Legrand Ronan Marc Tel: +33 (0)1 49 72
53 53 ronan.marc@legrand.fr
Press relations Publicis Consultants Laurence Bault Mob:
+33 (0)7 85 90 63 36 laurence.bault@publicisconsultants.com
Legrand (EU:LR)
Graphique Historique de l'Action
De Avr 2024 à Mai 2024
Legrand (EU:LR)
Graphique Historique de l'Action
De Mai 2023 à Mai 2024