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09.29.2021 18:00Legrand announced today its first sustainability-linked bond issue indexed on its carbon neutrality trajectory, for an amount of €600 million
Legrand 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 SBTi 1, 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.
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