H&M gets €5.4bn of orders for SLB debut bond

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H&M gets €5.4bn of orders for SLB debut bond

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H&M, the Swedish clothing retail company, has received blowout demand for its debut bond, as the “perfect storm” of ESG criteria and European Central Bank rule changes to allow it to buy sustainability-linked bonds saw the order book bulge to almost 11 times subscribed at guidance.

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