Burberry Group PLC Burberry Final Terms Inaugural Sustainability Bond (0195Z)
15 Septiembre 2020 - 03:00AM
UK Regulatory
TIDMBRBY
RNS Number : 0195Z
Burberry Group PLC
15 September 2020
BURBERRY GROUP PLC
BURBERRY ANNOUNCES FINAL TERMS OF INAUGURAL, MEDIUM-TERM,
SUSTAINABILITY BOND
Further to its announcement of 9 September 2020, Burberry Group
plc ('Burberry' or the 'Company') is pleased to announce that it
has now priced its inaugural Sustainability Bond. The final terms
are for a GBP300,000,000 1.125% bond due 21 September 2025.
This will be the first sustainability labelled bond issued by a
luxury fashion company and 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.
As previously announced, the bond is expected to be rated Baa2
(stable outlook) by Moody's Investors Services, and will be issued
pursuant to Burberry's Sustainability Bond Framework, which has
received a 'second party opinion' from Sustainalytics.
Julie Brown, Chief Operating and Chief Financial Officer said:
"We are delighted to announce the final terms of our inaugural
Sustainability Bond. 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 medium-dated financing to the capital structure will
support liquidity and allow us to secure proceeds for investment in
our sustainability agenda over the life of the bond".
15 September 2020
Equity Investors and analysts
Julian Easthope VP, Investor Relations 07920 726225
Julian.Easthope@burberry.com
Debt investors
Ian Brimicombe SVP, Group Finance 020 33673 648
Ian.Brimicombe@burberry.com
Fiona Rose Group Treasurer 020 3367 4170
Fiona.Rose@burberry.com
Media
Andrew Roberts VP, Corporate Relations 020 3367 3764
Andrew.Roberts@burberry.com
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Relevant stabilisation regulations including FCA/ICMA will
apply. Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs key information document (KID)
has been prepared as not available to retail in the EEA or the
UK.
This announcement is directed only at (i) persons who are
outside the United Kingdom (the "UK"), or (ii) persons who are in
the UK who are (a) persons who have professional experience in
matters relating to investments falling within Article 19(5) of the
Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (the "Order") or (b) otherwise, persons to whom this
announcement may lawfully be communicated pursuant to the Order
(all such persons together being referred to as "relevant
persons"). This announcement is directed only at relevant persons
and must not be acted on or relied on by persons who are not
relevant persons. Any investment or investment activity to which
this announcement relates is available only to relevant persons and
will be engaged in only with relevant persons.
The notes have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "Securities
Act"), or any state securities laws, and may not be offered or sold
in the United States or to, or for the account or benefit of, U.S.
persons (as defined in Regulation S under the Securities Act).
A rating is not a recommendation to buy, sell or hold the notes
and may be subject to suspension, reduction or withdrawal at any
time.
This announcement is not intended to be distributed to or
reviewed by anyone other than you. This announcement does not
constitute an offer to sell or a solicitation of an offer to buy
securities.
This announcement does not constitute nor form a part of any
offer or solicitation to purchase or subscribe for securities in
Singapore or elsewhere. The notes referred to herein have not been
and will not be offered or sold or be made the subject of an
invitation for subscription or purchase, whether directly or
indirectly, to any person in Singapore other than (i) to an
institutional investor (as defined in Section 4A of the Securities
and Futures Act (Chapter 289) of Singapore, as modified or amended
from time to time (the "SFA")) pursuant to Section 274 of the SFA,
(ii) to a relevant person (as defined in Section 275(2) of the SFA)
pursuant to Section 275(1) of the SFA, or any person pursuant to
Section 275(1A) of the SFA, and in accordance with the conditions
specified in Section 275 of the SFA or (iii) otherwise pursuant to,
and in accordance with the conditions of, any other applicable
provision of the SFA.
Notification under Section 309B(1)(c) of the SFA - In connection
with Section 309B of the SFA and the Securities and Futures
(Capital Markets Products) Regulations 2018 of Singapore (the "CMP
Regulations 2018"), the Issuer has determined, and hereby notifies
all relevant persons (as defined in Section 309A(1) of the SFA),
the classification of the notes as prescribed capital markets
products (as defined in the CMP Regulations 2018) and Excluded
Investment Products (as defined in MAS Notice SFA 04-N12: Notice on
the Sale of Investment Products and MAS Notice FAA-N16: Notice on
Recommendations on Investment Products).
Notes to editors
-- Founded in 1856, Burberry is a global luxury brand, headquartered in London
-- Burberry is listed on the London Stock Exchange (BRBY.L) and
is a constituent of the FTSE 100 index. Its ADR symbol is
OTC:BURBY.
-- BURBERRY, the Equestrian Knight Device, the Burberry Check
and the Thomas Burberry Monogram and Print are trademarks belonging
to Burberry.
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