Barloworld, the South African car dealer and supplier of equipment to the mining industry, is marketing the nation’s first sale of debt linked to gender diversity targets.
The Johannesburg-based company is planning to raise as much as R1 billion in three-year and five-year bonds, with the rates linked to goals for women in its leadership structures, as well as the participation of businesses owned by black women in its supply chain.
The sale, planned for Aug. 17 via an auction, comes amid a global drive to meet sustainability goals. The worldwide total of new debt linked to sustainability and social targets issued this year is already near the level for all of 2020, according to data compiled by Bloomberg.
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