H&M's 'Blowout' Sustainable Bond Debut Lures $6.5 Billion Orders.

H&M's "Blowout" Sustainable Bond Debut Lures $6.5 Billion Orders (Bloomberg) -- Hennes & Mauritz AB has slashed the yield offered on its debut bond by half after investor demand for the Swedish retailer's sustainable debt proved so strong. The investment-grade notes earlier attracted orders of about 5.4 billion euros, which covered the deal more than 10 times and allowed H&M to cut the spread by as much as 50 basis points between initial price talk and final terms. [Extracted from the article]