€500 Million Offering will support Colgate’s ambitions to drive social impact, help millions of homes, and preserve the environment
Colgate-Palmolive Company (NYSE:CL) today announced it has successfully priced a EUR 500 million 8-year Sustainability Bond with an interest coupon of 0.300% per annum. The net proceeds of Colgate’s first Sustainability Bond will help support and further the actions reflected in the Company’s 2025 Sustainability and Social Impact Strategy. “Issuing Colgate’s first Sustainability Bond will help Colgate deliver our ambitious sustainability targets, which are vital to achieving our purpose to reimagine a healthier future for all people, their pets, and our planet,” said Stan Sutula, Colgate’s Chief Financial Officer. “Because collaboration and engagement are key to scaling the progress we all seek, deploying this financial instrument allows the investment community to participate in and contribute to our efforts.”
Read the full release here.
Published Nov 3, 2021 6pm EDT / 3pm PDT / 10pm GMT / 11pm CET