Brown bonds: funds lap up ‘stable’ tobacco as Philip Morris nabs €1.8bn

© 2025 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

Brown bonds: funds lap up ‘stable’ tobacco as Philip Morris nabs €1.8bn

Investors tired of the virtuous tone of Unibail’s green bond last week had a pleasant antidote this week: a €1.75bn two-trancher from Philip Morris International.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request a Free Trial or Login
Gift this article