TIDMAAL
RNS Number : 4937Z
Anglo American PLC
14 September 2022
14 September 2022
Anglo American launches EUR745 million sustainability-linked
bond
Anglo American plc ("Anglo American" or the "company") has today
issued its first sustainability-linked bond, including performance
targets to reduce greenhouse gas emissions and fresh water
abstraction, and to support job creation in host communities.
Issuer: Anglo American Capital plc
Guarantor: Anglo American plc
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Security description: 4.75% Senior Sustainability-Linked
Notes due 2032
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Currency: EUR
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Principle amount: 745,000,000
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Tenor: 10 year
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Maturity: 21 September 2032
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This EUR745 million bond is the first instrument issued
following the publication of Anglo American's Sustainability
Financing Framework and bond investors will be entitled to a higher
final coupon payment should the company not meet these targets:
- Reduce absolute greenhouse gas emissions (Scopes 1 and 2) by 30% by 2030, compared to 2016
- Reduce the abstraction of fresh water in water scarce areas by 50% by 2030 compared to 2015
- Support 5 jobs off site for every job on site by 2030
The financing mechanism will see a coupon increase of 40bps
accruing from September 2031 for each of the selected KPIs that do
not achieve its target or if the verification of the target being
achieved has not been published.
Anglo American's Sustainability Financing Framework has been
established in accordance with the Sustainability-Linked Bond
Principles (SLBP) 2020 administered by ICMA (International Capital
Market Association) and the Sustainability-Linked Loan Principles
(SLLP) 2022 administered by the LMA (Loan Market Association).
These are voluntary guidelines that outline best practices for
financial instruments to incorporate forward-looking sustainability
performance outcomes and promote the development and preserve the
integrity of the sustainability-linked bond and loan markets.
Anglo American's Sustainability Financing Framework covers
bonds, loans and other financing instruments and links the
company's funding requirements to stretch goals set out in its
Sustainable Mining Plan.
More details on Anglo American's Sustainability Financing
Framework can be found on our website:
https://www.angloamerican.com/investors/fixed-income-investors/slb-investor-downloads
with details of Anglo American's Sustainable Mining Plan available
at
https://www.angloamerican.com/sustainability/our-sustainable-mining-plan
For further information, please contact:
Media Investors
UK UK
James Wyatt-Tilby Paul Galloway
james.wyatt-tilby@angloamerican.com paul.galloway@angloamerican.com
Tel: +44 (0)20 7968 8759 Tel: +44 (0)20 7968 8718
Marcelo Esquivel Emma Waterworth
marcelo.esquivel@angloamerican.com Emma.waterworth@angloamerican.com
Tel: +44 (0)20 7968 8891 Tel: +44 (0) 20 7968
8574
South Africa Michelle Jarman
Nevashnee Naicker michelle.jarman@angloamerican.com
nevashnee.naicker@angloamerican.com Tel: +44 (0)20 7968 1494
Tel: +27 (0)11 638 3189
Sibusiso Tshabalala
sibusiso.tshabalala@angloamerican.com
Tel: +27 (0)11 638 2175
Notes to editors:
Anglo American is a leading global mining company and our
products are the essential ingredients in almost every aspect of
modern life. Our portfolio of world-class competitive operations,
with a broad range of future development options, provides many of
the future-enabling metals and minerals for a cleaner, greener,
more sustainable world and that meet the fast growing every day
demands of billions of consumers. With our people at the heart of
our business, we use innovative practices and the latest
technologies to discover new resources and to mine, process, move
and market our products to our customers - safely and
sustainably.
As a responsible producer of diamonds (through De Beers),
copper, platinum group metals, premium quality iron ore and
steelmaking coal, and nickel - with crop nutrients in development -
we are committed to being carbon neutral across our operations by
2040. More broadly, our Sustainable Mining Plan commits us to a
series of stretching goals to ensure we work towards a healthy
environment, creating thriving communities and building trust as a
corporate leader. We work together with our business partners and
diverse stakeholders to unlock enduring value from precious natural
resources for the benefit of the communities and countries in which
we operate, for society as a whole, and for our shareholders. Anglo
American is re-imagining mining to improve people's lives.
www.angloamerican.com
Forward-looking statements:
This document includes forward-looking statements. All
statements other than statements of historical facts included in
this document, including, without limitation, those regarding Anglo
American's financial position, business, acquisition and divestment
strategy, dividend policy, plans and objectives of management for
future operations (including development plans and objectives
relating to Anglo American's products, production forecasts and Ore
Reserve and Mineral Resource positions) and environmental, social
and corporate governance goals and aspirations, are forward-looking
statements. By their nature, such forward-looking statements
involve known and unknown risks, uncertainties and other factors
which may cause the actual results, performance or achievements of
Anglo American or industry results to be materially different from
any future results, performance or achievements expressed or
implied by such forward-looking statements.
Such forward-looking statements are based on numerous
assumptions regarding Anglo American's present and future business
strategies and the environment in which Anglo American will operate
in the future. Important factors that could cause Anglo American's
actual results, performance or achievements to differ materially
from those in the forward-looking statements include, among others,
levels of actual production during any period, levels of global
demand and commodity market prices, mineral resource exploration
and development capabilities, recovery rates and other operational
capabilities, safety, health or environmental incidents, the
effects of global pandemics and outbreaks of infectious diseases,
the outcome of litigation or regulatory proceedings, the
availability of mining and processing equipment, the ability to
produce and transport products profitably, the availability of
transport infrastructure, the impact of foreign currency exchange
rates on market prices and operating costs, the availability of
sufficient credit, the effects of inflation, political uncertainty
and economic conditions in relevant areas of the world, the actions
of competitors, activities by courts, regulators and governmental
authorities such as in relation to permitting or forcing closure of
mines and ceasing of operations or maintenance of Anglo American's
assets and changes in taxation or safety, health, environmental or
other types of regulation in the countries where Anglo American
operates, conflicts over land and resource ownership rights and
such other risk factors identified in Anglo American's most recent
Annual Report. Forward-looking statements should, therefore, be
construed in light of such risk factors and undue reliance should
not be placed on forward-looking statements. These forward-looking
statements speak only as of the date of this document. Anglo
American expressly disclaims any obligation or undertaking (except
as required by applicable law, the City Code on Takeovers and
Mergers, the UK Listing Rules, the Disclosure and Transparency
Rules of the Financial Conduct Authority, the Listings Requirements
of the securities exchange of the JSE Limited in South Africa, the
SIX Swiss Exchange, the Botswana Stock Exchange and the Namibian
Stock Exchange and any other applicable regulations) to release
publicly any updates or revisions to any forward-looking statement
contained herein to reflect any change in Anglo American's
expectations with regard thereto or any change in events,
conditions or circumstances on which any such statement is
based.
Nothing in this document should be interpreted to mean that
future earnings per share of Anglo American will necessarily match
or exceed its historical published earnings per share. Certain
statistical and other information about Anglo American included in
this document is sourced from publicly available third party
sources. As such it has not been independently verified and
presents the views of those third parties, but may not necessarily
correspond to the views held by Anglo American and Anglo American
expressly disclaims any responsibility for, or liability in respect
of, such information.
Legal Entity Identifier: 549300S9XF92D1X8ME43
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