Linklaters has advised Nexans on the issuance of its inaugural Sustainability-Linked Bond for an aggregate nominal amount of 400 million euros with a 5-year maturity and an annual coupon of 5.50 per cent.
The targets of the Nexans Group in the Bonds are to reduce by 31 December 2026 its absolute Scope 1 and 2 greenhouse gas emissions by 29.4 per cent. and its “Cradle-to-shelf” Scope 3 greenhouse gas emissions by 21.8 per cent.
The Linklaters team in Paris was composed of Capital Markets partner Véronique Delaittre, managing associate Elise Alperte, associate Camille Rivet, as well as Tax managing associate Nadine Eng.
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