Carrefour Issues €500 Million Sustainability-Linked Bond

Carrefour has successfully placed a Sustainability-Linked Bond amounting to €500 million, maturing in December 2035. This bond is indexed against two objectives: reducing Scope 1 and 2 greenhouse gas emissions and increasing the number of suppliers committed to climate strategies. The bond offers a fixed rate with a 3.875% annual coupon, and repayment follows a bullet format.

Demonstrating significant investor confidence, the bond was oversubscribed nearly six times. The funds raised are earmarked for general corporate purposes and debt refinancing. Standard & Poor's has rated the bond at "BBB".