Leo Laikola, Bloomberg News Pedestrians, wearing protective face masks, pass a Hennes & Mauritz AB (H&M) store in Stockholm, Sweden, on Monday, Jan. 18, 2021. Sweden s Prime Minister Stefan Lofven has said he canât rule out further restrictions under a temporary new law to combat the spread of the coronavirus pandemic. , Bloomberg
(Bloomberg) Hennes & Mauritz AB has slashed the yield offered on its debut bond by half after investor demand for the Swedish retailerâs sustainable debt proved so strong.
âThis blowout deal truly opens the door for issuers to come to the market and meet the sustainability-focused investor community,â said Lars Mac Key, head of sustainable bonds at Danske Bank, one of the banks that helped market the 500 million euro ($604 million) offering.