ELO (Auchan) starts roadshow Monday for sustainability-linked bond

Chicago, Sept. 15 – ELO (formerly known as Auchan Holding) (BBB-) starts a roadshow on Monday for a debut sustainability-linked euro-denominated bond offering, according to a market source.

ING and Societe Generale are acting as co-ESG structuring agents and global coordinators. They are also joint active bookrunners with Credit Agricole CIB, Deutsche Bank, HSBC and Santander.

Distribution for the 5.5-year benchmark deal will be via Regulation S.

Moody’s Investors Service provided the second-party opinion.

The offering will be linked to a reduction in scope 1, 2 and 3 emissions.

ELO is a combination of Auchan Retail and New Immo Holding.

The food retailer is based in Croix, France.

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