(News Bulletin 247) – Rexel announced on Tuesday its intention to issue bonds linked to sustainable development for an amount of 400 million euros maturing in 2030.
This operation comes as the distributor of electrical equipment published today its sustainable financing charter, which covers debt instruments whose financial characteristics are linked to performance objectives in terms of sustainable development.
As part of this document, Rexel has undertaken to reduce greenhouse gas emissions relating to the use of the products sold (‘scope 3’) by 45% by the end of 2025 compared to 2016.
The group is also aiming for a 38% reduction in greenhouse gas emissions linked to energy consumption in its operations (‘scopes 1 and 2’) by 2025 compared to 2016.
If Rexel does not achieve these objectives, the interest rate on its green bonds will be increased by 25 basis points.
Proceeds from the issue are to be used for general corporate purposes, including financing the acquisition of Dutch Wasco.
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