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The TELUS Sustainability-Linked Bond: Raising Capital to Fight Climate Change

Michael R. King

商品編號:W42747
出版日期:2025/03/24
再版日期:
商品來源:
商品主題:Finance; Sustainability
商品類型:Case (Pub Mat)
涵蓋議題:Green bond;Sustainability;Capital market;ESG
難易度:4 - Undergraduate/MBA
內容長度:15 頁
地域:Canada
產業:Information; Media & Telecommunications
事件年度:2021

TELUS Corporation (TELUS) issued Canada’s first sustainability-linked bond (SLB), in mid-June 2021. An SLB was a newer category of green bond that allowed companies to raise funds for general corporate purposes instead of specific environmental projects. This SLB supported TELUS’s sustainability journey and commitments, towards which it had made significant progress since setting its first climate targets in 2011. Building on this success, TELUS set new goals in 2021 to achieve net-zero carbon emissions by 2030 and had its targets approved by the Science Based Targets initiative—the first telecommunications company in Canada to do so. Two analysts were tasked with analyzing the bond’s structure, pricing, and other features to recommend the credit spread for the SLB.

教學手冊:The TELUS Sustainability-Linked Bond: Raising Capital to Fight Climate Change - Teaching Note
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