Chanel brings first luxury sustainability-linked bond as ECB relents

AdobeStock_Chanel_575x375_22Sept2020
By Mike Turner
22 Sep 2020

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.

Chanel held an investor call on Tuesday afternoon via BNP Paribas and HSBC to present its new sustainability-linked bond framework, with an eye to opening books for a dual tranche deal later in the week.

If the deal goes ahead, Chanel will be the first unrated issuer and first ...

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