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Corporate BondsHigh grade and crossover bonds

Chanel brings first luxury sustainability-linked bond as ECB relents

AdobeStock_Chanel_575x375_22Sept2020

Chanel, the French luxury brand, is meeting investors over the next two days to market a sustainability-linked bond, the first from its sector and from an unrated company. The deal comes as the European Central Bank has changed a policy that had slowed the market's development.

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