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Carrefour ( (FR:CA) ) has shared an update.
Carrefour has successfully issued a Sustainability-Linked Bond amounting to 500 million euros, with a maturity set for June 2030 and a coupon rate of 3.25% per year. This bond, which was oversubscribed nearly six times, reflects strong confidence in Carrefour’s credit quality and commitment to reducing greenhouse gas emissions across its operations and supply chain. The funds raised will be utilized for general corporate purposes and debt refinancing, and the bond has received a ‘BBB’ rating from Standard & Poor’s, underscoring the company’s stable financial standing and strategic focus on sustainability.
More about Carrefour
The Carrefour Group is a leading global entity in the food retail sector, operating a multi-format network of over 14,000 stores across more than 40 countries. In 2023, Carrefour achieved a turnover of 94.1 billion euros. The company employs over 300,000 individuals in its integrated store network, and more than 500,000 people worldwide under the Carrefour brand, positioning itself as a leader in providing accessible, quality food globally.
YTD Price Performance: 4.04%
Average Trading Volume: 625,858
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €9.39B
See more insights into CA stock on TipRanks’ Stock Analysis page.