Burberry launches its inaugural sustainability bond on London Stock Exchange

Burberry Group plc, a global luxury brand, launches its inaugural medium-term Sustainability Bond on London Stock Exchange.

Burberry is the first luxury fashion company to issue a sustainability labelled bond. The final terms are for a £300,000,000 1.125% bond due 21 September 2025.

Burberry was founded in 1856 by Thomas Burberry and is now a global luxury brand, headquartered in London, offering men’s, women’s and children’s clothing, accessories, fragrance and beauty products.  Burberry established its environmental and social responsibility programme in 2004 and ESG matters are now embedded throughout the organisation.

The bond will diversify Burberry’s sources of funding, introducing long-term financing into the Company’s capital structure. The proceeds will be used to finance and/or refinance eligible sustainable projects as described by Burberry’s Sustainability Bond Framework.  

Julie Brown, Chief Operating and Chief Financial Officer said: “We are delighted that our inaugural Sustainability Bond has been listed on the London Stock Exchange’s Sustainable Bond Market.  Burberry has a longstanding commitment to sustainability and we are dedicated to using our position and influence to drive social and environmental improvements. The addition of this financing will support our liquidity and allow us to secure proceeds for investment in our sustainability agenda over the life of the bond.” 

 

Looking for new and recent issues?

More recent

London Stock Exchange welcomes Castelnau Group Limited to the Specialist Fund Segment to the Main Market

The London Stock Exchange today welcomes Castelnau Group Limited (‘Castelnau’), an investment company established to invest in public and private companies with the aim of outperforming the FTSE All Share Total Return Index over the long term.  The ordinary shares of Castlenau will be listed on the Specialist Fund Segment of the Main Market.</

Learn more
London Stock Exchange welcomes Light Science Technologies Holdings plc

Today, London Stock Exchange welcomes Light Science Technologies Holdings plc (“LSTH”) to trading on AIM under the ticker LST. In October 2021, LSTH successfully raised gross proceeds of £5 million (the “Placing”) and the Company’s market capitalisation on admission was approximately £17.5 million.

The net proceeds of the Placing, which are receivable by the

Learn more
London Stock Exchange welcomes JAXUSA Partnership and JAX Chamber

London Stock Exchange today welcomes the Jacksonville, Florida, delegation to open the market during their seventh annual sales mission. The delegation supports the mission of JAXUSA Partnership, a division of JAX Chamber that serves as Jacksonville’s regional economic development organization.

JAXUSA Part

Learn more
London Stock Exchange welcomes Tortilla Mexican Grill plc to AIM

Tortilla Mexican Grill plc (MEX), the largest and most successful fast-casual Mexican restaurant group in the UK, began trading on Friday 8 October on London Stock Exchange’s AIM. The IPO raised £5.0m of gross proceeds, and upon Admission the Company’s market capitalisation was £70.0m.

Tortilla offers a high-quality, affordable and freshly prepared Californi

Learn more