01 March, 2021 - 01 May, 2021
14 April, 2021 -
17 April, 2021 - 21 April, 2021
High Point (NC), U.S.
24 April, 2021 -
05 June, 2021 - 09 June, 2021
High Point, North Carolina, U.S.
The British luxury fashion group said the final terms are for a £300 million (US$387 million) 1.125% bond due September 21, 2025.
Burberry said it will be the first sustainability-labelled bond issued by a luxury fashion company, which aims to diversify the company’s sources of funding, introducing long-term financing into its capital structure. The proceeds are to be used to finance and/or refinance eligible sustainable projects as described by Burberry's Sustainability Bond Framework. The bond is expected to be rated Baa2 (stable outlook) by Moody's Investors Services.