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VENICE – Italian clothing company OVS has issued a sustainability-linked bond as it looks to accelerate work towards its environmental and social commitments.

The firm says the bond will launch for a principal amount between a minimum of €150 million (US$173m) and a maximum of €200 million (US$231m).

“With the issuance of this bond the financial structure of the group, already strengthened thanks to the recent capital increase and excellent performances in terms of cash flows, will be further improved thus allowing a consequent reduction in the cost of debt,” OVS said in a statement.

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