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Chanel to Make Its Debut on the Public Markets With a Green Bond

Chanel is making its debut on the public markets with a new sustainability bond that will trade on the Luxembourg Stock Exchange. The company said Thursday it successfully raised 600 million euros through the bond issue. Principals said the money will help Chanel transform its business model, and hit a series of ambitious sustainability targets laid out in its Mission 1.5° report, which was published earlier this year.

 

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