Adidas wants to add third stripe with sustainability bond

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By Mike Turner
28 Sep 2020

Adidas, the German sportswear company, has mandated for a €500m no-grow debut sustainability bond, its third issue since it obtained credit ratings over the summer.

Adidas, rated A2/A+, has hired JP Morgan as structuring agent and global coordinator and BNP Paribas and Commerzbank as bookrunners for the eight year deal.

The leads are looking at Adidas’ notes placed at the start of this month as a reference point. The €500m 0% 2024 caught an ...

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