Burberry launches fashion’s sustainability bond

Burberry is launching what it describes as the “first sustainability labelled bond issued by a luxury fashion company” with an issuance valued at £300m.

The five-year bond will be used to finance eligible sustainable projects as described by Burberry’s Sustainability Bond Framework, which has been audited by Sustainalytics. Burberry has applied to be rated by Moody’s and expects the Bond to be rated Baa2 (Stable Outlook).

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