DENVER – VF Corp, which owns brands including Timberland and North Face, is offering €500 million (US$530m) worth of bonds to investors to fund projects to help meet the United Nations' (UN) Sustainable Development Goals (SDGs).
The company, which issued the first ever green bonds in the apparel and footwear industry three years ago, is offering an interest rate of 4.25 per cent on the senior notes which will be due in 2029.
VF Corp is also offering another €500 million (US$530m) of senior notes - at a rate of 4.125 per cent and due in 2026 - which it intends to use for general corporate purposes, including the repayment of debts.
