Success of a 750 million euros 8-year Sustainability-Linked Bond

10 September 2024

Success of a 750 million euros 8-year Sustainability-Linked Bond

Carrefour today successfully placed a Sustainability-Linked bond issue, for a total amount of €750 million. It is indexed to two objectives: the first one is linked to the reduction in greenhouse gas emissions within the framework of the Group's Euro Medium Term Note (EMTN) programme, related to Scope 1 and 2. The second objective is linked to the reduction of food waste.

The main features are:

•       Amount: 750 million euros

•       Issuer : Carrefour SA

•       Maturity and payment: October 2032

•       Format: Fixed rate, bullet repayment

•       Coupon: 3.625% per annum

This issue was oversubscribed almost 4 times, demonstrating once again the great confidence of the financial community in the quality of the Carrefour signature. This enabled a rapid placement at favorable conditions.

The 750 million euros raised will be allocated to the financing of the Group's general corporate purposes as well as to the refinancing of its debt.

The bond will benefit from a "BBB" rating from Standard & Poor's.

About the Carrefour Group

With a multi-format network of over 14,000 stores in more than 40 countries, the Carrefour Group is one of the world's leading food retailers. Carrefour posted sales of €94.1 billion in 2023. Its integrated store network employs more than 300,000 people who help to make Carrefour the world leader in the food transition for all, by offering quality food every day, accessible everywhere and at a reasonable price. In total, more than 500,000 people work under Carrefour banners worldwide. For more information, visitwww.carrefour.com, or find us on X (@news_carrefour) and LinkedIn (Carrefour).

Contacts