PR_Carrefour SA SLB 29042025

Press Release                                                                                                                                                   April 29th, 2025

 Success of a 500 million euros 4-year Sustainability-Linked Bond

Carrefour today successfully placed a Sustainability-Linked bond issue, for a total amount of €500 million. It is indexed to two objectives: the first one is linked to the reduction in greenhouse gas emissions, related to Scope 1 and 2. The second objective is linked to the reduction in greenhouse gas emissions from goods and services purchased (Scope 3). 

The main features are: 

•       Amount: 500 million euros 

•       Issuer: Carrefour SA 

•       Maturity and payment: May 2029 

•       Format: Fixed rate, bullet repayment 

•       Coupon: 2.875% per annum 

This issue was oversubscribed above 4 times, demonstrating once again the great confidence of the financial community in the quality of the Carrefour signature. This enabled a rapid placement at favorable conditions. 

The 500 million euros raised will be allocated to the financing of the Group's general corporate purposes, including the refinancing of existing debt and the €1,000,000,000 2.625% Bond (ISIN: FR0013505260) which is also subject to a concurrently launched capped tender offer. 

In parallel, Carrefour has launched a partial buyback of an existing bond maturing on 15 December 2027, for which the tender period will run until 4:00 p.m. (CEST) on 06 May 2025. 

The bond will benefit from a "BBB" rating from Standard & Poor's.   

About the Carrefour Group

With a multi-format network of over 15,000 stores in more than 40 countries, the Carrefour Group is one of the world’s leading food retailers. In 2024, Carrefour generated €94.6 billion in revenue. Its network of integrated stores employs over 300,000 people, who contribute to making Carrefour the global leader in the food transition for all, providing high-quality, accessible, and affordable food every day. In total, more than 500,000 people work under the Carrefour banner worldwide. For more information, visitwww.carrefour.com, or find us on X (@news_carrefour) and LinkedIn (Carrefour).

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