Eramet plans to offer inaugural sustainability-linked eurobonds

By Mary-Katherine Stinson

Lexington, Ky., May 9 – Eramet SA announced plans to offer an inaugural sustainability-linked bond denominated in euros subject to market conditions, according to a press release.

Eramet also announced on Tuesday an offer to purchase for cash its €500 million bonds due February 2024 (ISIN: FR0013284643), of which €429.7 million are currently outstanding.

The tender offer is conditioned on the pricing of the new bonds, the net proceeds of which are intended to partially fund the bond repurchase and for general corporate purposes.

Bondholders who tender their bonds in the offer may receive priority allocation in the new issue at the company’s discretion.

Eramet is a mining and metallurgy company based in Paris.

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