H&M gets €5.4bn of orders for SLB debut bond

Mike Turner

February 18, 2021 04:45 pm

adobestock_H&M_575x375_Feb21 — Soest, Germany - December 18, 2017: H&M sign on the wall. H&M Hennes & Mauritz AB is a Swedish multinational clothing-retail company, clothing for men, women, teenagers and children. | Lutsenko Oleksandr/Олександр Луценко - stock.adobe.com

H&M, the Swedish clothing retail company, has received blowout demand for its debut bond, as the “perfect storm” of ESG criteria and European Central Bank rule changes to allow it to buy sustainability-linked bonds saw the order book bulge to almost 11 times subscribed at guidance.

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Mike Turner

Corporate Debt Editor