Sustainability-Linked Bonds

Accor SLB re-prices on target miss

Written by Josephine Richardson & Prahalad Prasad

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Accor has announced that the two targets referenced by its SLB have both been missed

The bond has been quick to react to news that Accor has missed its SLB targets. The coupon has been adjusted in Bloomberg, and the bond has outperformed in the immediate trading sessions after the reporting to include the increased coupon values.

This information seems to have been efficiently digested by the market.

About the authors

Josephine Richardson

Josephine Richardson

Managing Director, Head of Research

Based in London, Jo leads AFII’s research and a global team supporting fixed income investors as they align their portfolios with climate and sustainability goals. She joined AFII after 18 years in fixed income markets at JPMorgan.

Prahalad Prasad

Prahalad Prasad

Associate Director, Research

Based in London, Praha covers topics including but not limited to the just transition, sustainability-linked bonds and deforestation. He previously spent seven years in Lloyds Bank’s Debt Capital Markets team.

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