CPI Property Group has issued €700 million in sustainability-linked bonds with an annual coupon of 1.75% that come due in 2030. The bonds are subject to a step-up margin of 0.25% for the final two years if CPI fails to achieved a reduction in GHG emissions intensity of 22% by the end of the 2027. The idea is to attract investors who prefer to support (and profit from) companies that are committed to the fight against climate change. Judging whether or not it meets its goal is up to Sustainalytics, an independent second party opinion provider . . .
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