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ENVIRONMENTAL SUSTAINABILITY

Orbia Issues New Inaugural Sustainability-Linked Bonds to Support Its Environmental Commitments

Orbia Issues New Inaugural Sustainability-Linked Bonds to Support Its Environmental Commitments
The Siliconreview
07 May, 2021

Orbia Advance Corporation, in a recent announcement, has stated that it will be launching its inaugural sustainability-linked bonds in the international capital markets. This transaction will incorporate the issuance of $600 million at 1.87 percent senior notes due in 2026 and $500 million at 2.875 percent senior notes, which is expected in 2031. Orbia has also adopted and published its sustainability-linked bond framework.

The company's executives further stated that the transaction would demonstrate Orbia's commitment to the environment and bringing forth cleaner, greener solutions that are better for the people and the planet. This will drive a positive impact, and the company will be delighted to enable investors to join them in advancing life around the world. The sustainability-linked bond framework includes certain sustainability performance targets that reinforce Orbia's overall strategic priorities.

As per the terms of the notes, the achievement of these targets will be verified by an accredited independent third party. Besides, Orbia will publish a sustainability-linked securities update annually on its website. The new update will be part of the Orbia Sustainability Report, including up-to-date information on key sustainability performance indicators.