Unibail bond’s detail flaunts green leadership

By Jon Hay
21 Feb 2014

Unibail-Rodamco’s green bond, according to one of the leads, can be bracketed with that of Electricité de France, in taking a broad environmental, social and governance approach, rather than a more narrowly green or climate-focused one.

The €750m 10 year bond, issued on Wednesday, will have proceeds earmarked only for buildings — notably shopping centres and offices — that win a Very Good rating from Breeam, the buildings sustainability ratings provider.

There were many reasons why Unibail wanted to issue a green bond, said ...

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