Oreo-Maker Mondelez Readies Green Bond in Ethical-Debt Debut (1)

Sept. 1, 2021, 11:02 AM

A rare green-bond sale for the food industry will come with a new flavor -- sustainable cocoa.

Mondelez International Inc., which makes Oreos and Toblerones among its brands, is lining up a debut benchmark-sized sale of euro-denominated green debt due in eight, 11 and 20 years.

The offering would be the largest-ever such deal for the sector and would come with a pledge by Mondelez to switch to sustainably-sourced cocoa for all of its chocolate products by 2025. The foods industry accounts for a mere 7% of this year’s euro-denominated environmental, social and governance bond supply, data compiled by ...

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