Bubble called as H&M debut soars

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Bubble called as H&M debut soars

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Hannover, Lower Saxony, Germany - April 12, 2020: H&M, Hennes Mauritz shop in Hanover, Germany - H&M is a multinational swedish clothing-retail company | nmann77 - stock.adobe.com

Hennes & Mauritz, the Swedish clothing retailer, earned blowout demand for its sustainability-linked debut bond, but bankers off the trade said on Thursday that the exuberance was indicative of just how far capital markets have strayed from reality.

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