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Orbia Issues Inaugural Sustainability-Linked Bonds, Supporting its Environmental Commitments


Posted on
1616
Orbia Advance Corporation, S.A.B. de C.V. (BMV: ORBIA ) (“the Company” or “Orbia”) announced today the launch of its inaugural sustainability-linked bonds in the international capital markets. This transaction incorporates the issuance of $600 million at 1.875% senior notes due in 2026, and $500 million at 2.875% senior notes due in 2031 (the “bonds”).
Says Sameer Bharadwaj, CEO of Orbia, “This transaction demonstrates Orbia’s commitment to the environment and bringing forth cleaner, greener solutions that are better for people and planet. Our journey thus far has been guided by a drive for positive impact and we are delighted to enable investors to join us in advancing life around the world, responsibly.” ....

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Chanel, Tesco and the rise of sustainability-linked financing


Feb 14, 2021
Chanel is one of a number of companies to issue sustainability-linked bonds 
When luxury fashion brand Chanel issued €600 million of bonds last September, there was an unusual catch: if the company fails to meet its sustainability goals, it will have to pay penalties to investors.
The deal is an example of a new type of debt known as a sustainability-linked bond, which is a way for businesses to finance themselves while tying repayments to their sustainability targets. That is different from traditional green or sustainability bonds, where the money raised has to be spent on a specific green or social project. ....

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