Chanel sustainability debut stumbles on the catwalk

By Mike Turner
24 Sep 2020

Chanel, the French luxury brand, made its debut in the sustainability-linked bond market on Thursday, but the deal found a lacklustre response from investors as question marks hang over demand for high end discretionary spending.

Chanel opened books on a July 2026 and July 2031 trade linked to how well the company performs on metrics for its shift to renewable energy and cutting down on greenhouse gas emissions. BNP Paribas and HSBC ran the transaction.

The unrated issuer had announced during its roadshow earlier ...

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