Woolworths launches five-year inaugural green bond
- Thursday, 11 April 2019
Woolworths Group (Woolworths) (BBB/Baa2) launched a new, five-year, benchmark green-bond transaction on 11 April. The forthcoming deal will come in either or both fixed- and floating-rate format and has indicative price guidance of 130-135 basis points area over swap benchmarks. Pricing is expected on or before 12 April, according ANZ, which is green bond advisor as well as joint lead manager with Citi and J.P. Morgan.
According to a Woolworths press release on 10 April, the deal will be the first green bond from a supermarket globally and will “support the financing of projects, assets or expenditure that will deliver positive environmental outcomes and are aligned with the Green Bond Principles".
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