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Kerry Group to price euro sustainability-linked bonds due in 10 years
By Rebecca Melvin
Concord, N.H., Nov. 23 – Kerry Group Financial Services plans to price an offering of euro-denominated 10-year senior sustainability-linked bonds, according to a market source.
The Regulation S offering is being arranged by BNP Paribas, Citigroup, Deutsche Bank and Goldman Sachs International as joint active bookrunners.
A series of fixed-income investor calls commenced on Monday, and a benchmark-sized bond, guaranteed by Kerry Group plc, will follow subject to market conditions.
The bond is linked to Kerry achieving two sustainability goals by 2030, including a 55% reduction in absolute scope 1 & 2 GHG emissions and a 50% reduction in food waste.
The food company is based in Ireland.
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