H&M hits sustainability-linked market for first ever bond
Hennes & Mauritz, the Swedish clothing retailer, has chosen to issue its first ever bond in the novel sustainability-linked format.
H&M, newly rated BBB by S&P, has hired BNP Paribas, Commerzbank, Danske Bank, SEB and Standard Chartered to run the roadshow, which will take place until Wednesday.
“They don’t even have a ticker,” said a banker at one of the leads. “They’ve never done Swedish krona or anything.”H&M is ...