Eramet: Successful inaugural issue of €500 million
sustainability-linked bonds
Paris, 11 May 2023, 6.45 p.m.
PRESS RELEASE
Eramet:
Successful inaugural
issue of €500
million sustainability-linked
bonds
Eramet announces today the successful issue of
its first sustainability-linked bonds in a principal amount of €500
million and with a 5-year maturity and an annual interest rate of 7
per cent. (the “Bonds”).
The Bonds have been welcomed by a diversified
base of institutional investors in France and abroad, reflecting
the strength of the Group’s fundamentals, its growth and its
prospects.
Eramet’s inaugural sustainability linked-bond is
aligned with the Sustainability-Linked Financing Framework which is
available on the website of the Company1. The Bonds are linked to
two sustainability performance targets which are (i) the reduction
by 35 per cent. of the annual Scope 1 and Scope 2 greenhouse gas
emissions intensity of the Eramet Group on 31 December 2025
compared to such emissions in 2019 and (ii) the increase to 67% of
the share (by emissions) of its suppliers and its customers having
decarbonisation targets consistent with the well-below 2° Celsius
scenario of the Paris Agreement, on 31 December 2025.
The settlement of the Bonds is expected on 22
May 2023 and the Bonds are expected to be admitted to trading on
the regulated market of Euronext in Paris and rated Ba2 by Moody’s
and BB+ by Fitch.
DISCLAIMER
This press release does not constitute an offer
to subscribe to the Bonds in or from any country or jurisdiction to
whom or in which such offer would be unlawful under the applicable
laws and regulations.
This press release is not a prospectus for the
purposes of the Regulation (EU) 2017/1129 (as amended, the
“Prospectus Regulation”).
The issue of the Bonds is not being subject to a
public offering in any country or jurisdiction, including in
France, to any person other than qualified investors (as defined in
article 2(e) of the Prospectus Regulation).
The distribution of this press release may be
restricted by law in certain jurisdictions. Persons into whose
possession this press release comes should inform themselves about
and observe any applicable legal and regulatory restrictions.
The Bonds will only be offered outside the
United States pursuant to “Regulation S” under the U.S. Securities
Act of 1933, as amended (the “Securities
Act”), subject to prevailing market and other conditions.
Bonds have not been registered under the Securities Act or the
securities laws of any other jurisdiction 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) (the “U.S. Persons”) absent
registration or unless pursuant to an applicable exemption from the
registration requirements of the Securities Act and any other
applicable securities laws. This press release does not constitute
an offer to sell or the solicitation of an offer relating to the
Bonds, nor shall it constitute an offer, solicitation or sale in
any jurisdiction in which such offer, solicitation or sale would be
unlawful.
The Bonds are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or
otherwise made available to any retail investor in the European
Economic Area (the “EEA”). For these
purposes, a “retail investor” means a person who
is one (or more) of: (i) a retail client as defined in point (11)
of Article 4(1) of Directive 2014/65/EU (as amended, “MiFID
II”); or (ii) a customer within the meaning of Directive
(EU) 2016/97, as amended, where that customer would not qualify as
a professional client as defined in point (10) of Article 4(1)
of MiFID II; or (iii) a person who is not
a qualified investor within the meaning of Article 2(e)
of the Prospectus Regulation.
The Bonds are not intended to be offered, sold
or otherwise made available to and should not be offered, sold or
otherwise made available to any retail investor in the United
Kingdom. For these purposes, a “retail
investor” means a person who is one (or more) of the
following: (i) a retail client, as defined in point (8) of Article
2 of Regulation (EU) No. 2017/565 as it forms part of domestic law
by virtue of the European Union (Withdrawal) Act 2018
(the “EUWA”); (ii) a
customer within the meaning of the provisions of the Financial
Services and Markets Act 2000 (as amended, the
“FSMA”) and any rules or regulations made
thereunder to implement Directive (EU) 2016/97, where that customer
would not qualify as a professional client, as defined in point (8)
of Article 2(1) of Regulation (EU) No 600/2014 as it forms part of
domestic law by virtue of the EUWA; or (iii) a person who is not a
qualified investor as defined in Article 2 of Regulation (EU)
2017/1129 as it forms part of domestic law by virtue of the
EUWA.
This press release does not constitute and shall
not, in any circumstances, constitute a public offering nor an
invitation to the public in connection with any offer within the
meaning of the Prospectus Regulation or otherwise.
In the United Kingdom, this press release is
directed only at persons who (i) 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, as amended (the “Financial Promotion
Order”), (ii) are persons falling within Article 49(2)(a)
to (d) of the Financial Promotion Order or (iii) are other persons
to whom it may lawfully be communicated (all such persons together
being referred to as “Relevant Persons”). The
issue of the Bonds is only available to, and any invitation, offer
or agreement to subscribe, purchase or otherwise acquire the Bonds
will be directed only to Relevant Persons.
MiFID II professionals/ECPs-only/ No PRIIPs KID
– Manufacturer target market (MIFID II product governance) is
eligible counterparties and professional clients only (all
distribution channels). No PRIIPs or UK PRIIPs key information
document (KID) has been prepared as not available to retail
investors in EEA and in the United Kingdom.
Calendar
23.05.2023: Shareholders’ General Meeting
26.07.2023: Publication of 2023 half-year results
26.10.2023: Publication of 2023 Group third-quarter turnover
ABOUT ERAMET
Eramet transforms the Earth’s mineral resources
to provide sustainable and responsible solutions to the growth of
the industry and to the challenges of the energy transition.
Its employees are committed to this through
their civic and contributory approach in all the countries where
the mining and metallurgical group is present.
Manganese, nickel, mineral sands, lithium, and
cobalt: Eramet recovers and develops metals that are essential to
the construction of a more sustainable world.
As a privileged partner of its industrial
clients, the Group contributes to making robust and resistant
infrastructures and constructions, more efficient means of
mobility, safer health tools and more efficient telecommunications
devices.
Fully committed to the era of metals, Eramet’s
ambition is to become a reference for the responsible
transformation of the Earth’s mineral resources for living well
together.
www.eramet.com
INVESTOR CONTACTDirector
of Investor RelationsSandrine
Nourry-DabiT. +33 1 45 38 37 02
sandrine.nourrydabi@eramet.com |
PRESS CONTACTMedia
relations managerFanny
MounierT. +33 7 65 26 46
83fanny.mounier@eramet.comImage 7Marie
ArtznerT. +33 1 53 70 74 31 | M. +33 6 75 74 31
73martzner@image7.fr |
1 Please refer to
the following for further information:
https://www.eramet.com/sites/default/files/2023-05/2023-05-09%20Eramet%20Final%20SLB%20Framework.pdf
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