French luxury label Chanel on Thursday raised a 600 million euro ($699 million) bond with clauses linked to its environmental goals, as firms in a sector under scrutiny from waste-conscious shoppers ratchet up green initiatives. The five- and 10-year deals issued by privately-owned Chanel, which only began to publish annual earnings in 2017, marked its first incursion into the bond market, Financial Chief Philippe Blondiaux said. According to the deal structure, Chanel will also have to pay a premium when the bonds mature if it does not meet certain goals on cutting emissions within the firm and its supply chain.
Fashion label Chanel issues bond linked to climate targets
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