Brambles (ASX:BXB) prices ?500m green bond

Brambles (ASX:BSB) has announced its priced and allocated €500M of green bonds under its European Medium-Term Note programme maturing in eight years.

The bonds were priced with a coupon of 4.25% and proceeds from the bond issue will be used to finance and/or refinance Eligible Green Assets as outlined in Brambles' Green Finance Framework.

Brambles says this marks the first green bond issue from the company and aligns their funding strategy with its sustainability vision, strategy and objectives.

The Green Finance Framework and Second Party Opinion are available on Brambles' website.