Sustainability News & Deals

Mizuho acts as Active Bookrunner for EUR 500 million 7.5 year & GBP 10-year Sustainable Senior Unsecured Offering

This is Compass Group’s inaugural Sustainability Bond, as well as the first public bond deal for the issuer since September 2018.

This transaction represents Compass Group’s inaugural ESG-format transaction, following publication of the Group’s new Sustainable Financing Framework, which was launched in July 2022. The Sustainable Bond’s proceeds will be used in line with eligible sustainable projects stated in the Framework, which encompasses projects that will enhance responsible sourcing, products purchased from local and diverse suppliers, and other sustainable expenditure which supports decarbonisation within the Group’s value chain.

Commenting on the deal, Ed Bevan, Director, Consumer & Healthcare Coverage said: "I'm pleased to say that the European Corporate Finance and UK DCM teams at Mizuho recently supported Compass as an active bookrunner on their successful EUR500m 7.5yr & £250m 10yr Sustainable Senior Unsecured Offering, representing their first ESG transaction. This is Compass' first public bond deal since September 2018 and while markets are volatile, a great outcome for our client.

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