PPC Plans Europe’s First Sustainability-Linked HY Bond
- Company to conclude meetings Wednesday for a EU500m bond sale
- PPC will pay higher coupon if it falls short on emission goal
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Public Power Corporation is planning to sell Europe’s first sustainability-linked high-yield bond this week, adding more weight to a fast-growing trend in the region’s loan market.
The company held investor calls on Monday and plans to conclude its meetings for a 500 million-euro ($594 million) planned bond sale on Wednesday. The new issue is expected to be rated B/BB- by S&P and Fitch.