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Big corporations with “woke” policies are waking up to the fact that smaller businesses are glad to take the business they shun.

Weir has linked bond to sustainability targets By Scott Wright WEIR Group has declared that it has been buoyed by the investor response to the first bond offering in the company’s 150-year history. The Glasgow-based engineering giant is looking to raise $800 million with a bond offering aimed at institutional investors which underpins its environmental sustainability targets. The interest paid on the bond to investors will rise if the company does not meet commitments made under its sustainability strategy. Weir said the sustainability-linked notes will initially pay interest of 2...

7 May 2021 | 07:16am StockMarketWire.com - The Weir Group PLC has announced that it has priced the offering of $800m (£575m) aggregate principal amount of 2.20% Sustainability-Linked Notes due 13 May 2026. John Heasley, chief financial officer, said that the group is delighted with the response to the group’s first syndicated bond offering. 'The proceeds will be used to repay existing debt maturing in 2022 and 2023, and for other general corporate purposes. In addition to strengthening our balance sheet further, the structuring of the offering as Sustainability-Linked Notes also reaffirms...

Announcement of pricing of US$800 million Sustainability-Linked Notes The Weir Group PLC ("Weir") today announces that it has priced the offering (the "Offering") of US$800 million aggregate principal amount of 2.20% Sustainability-Linked Notes due 13 May 2026 (the "Notes"). John Heasley, Chief Financial Officer, said : "We are delighted with the positive response to the Group's first syndicated bond offering in our 150-year history.  The proceeds will be used to repay existing debt maturing in 2022 and 2023, and for other general corporate purposes.  In addi...

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