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Sustainability-Linked Bonds

Ampol reporting suggests SLP target miss

Written by Josephine Richardson & Emiel Loh

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Ampol's recent reporting confirms it has missed its target to reduce emissions at the Lytton refinery, which is referenced by its Sustainability-Linked Perpetual.

While not explicitly mentioned, we interpret this as increasing the bond's call price by 1%, which is worth 42bp running.

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.

Emiel Loh

Emiel Loh

Emiel was formerly a Research Analyst at AFII.

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