Carrefour

Capital/Financing Update • Mar 23, 2022

Carrefour has successfully completed its EUR 1.5 billion inaugural Sustainability-Linked Bond offering, underscoring the Group's credit quality

Today, Carrefour successfully placed a bond for a total amount of EUR 1.5 billion. It is made up of two tranches of a so-called Sustainability-Linked Bond, indexed to the Group's sustainable development objectives:

• A first tranche worth EUR 750 million at a fixed rate with a maturity of 4.6 years, with an annual coupon of 1.875%,
• A second tranche worth EUR 750 million at a fixed rate with a maturity of 7.6 years, with an annual coupon of 2.375%.

These bonds are rated BBB by Standard & Poor's.

This issue was exceptionally well received by the market, with total demand of nearly EUR 8 billion euros. This enabled rapid execution, attractive coupons and a final issue of EUR 1.5 billion.

Carrefour will report each year in its Universal Registration Document on the level of progress of the key non-financial performance indicators, which will be assessed by an independent third party. The amounts raised will finance the general needs of the Group and enable bond refinancing.

Matthieu Malige, Chief Financial Officer, declared: "The tremendous success of our bond issue is further proof of the markets' confidence in the quality of Carrefour's credit standing, in its strategy and its financial policy. I am particularly pleased with this first issuance of Sustainability-Linked Bonds, which confirms the full commitment of the Group's finance department to Carrefour's food and environmental transition approach."

Carine Kraus, Executive Director of Engagement, declared: "I am delighted with the great success of this first issue of Sustainability-Linked Bonds by Carrefour. The confidence of the financial markets testifies to the solidity and the strong ambition of our CSR trajectory."

CONTACTS

Investor Relations Sébastien Valentin, Anthony Guglielmo, Louise Brun Tel : +33 (0)1 64 50 79 81 Shareholder Relations Tel : 0 805 902 902 (toll-free in France) Group Communication Tel : +33 (0)1 58 47 88 80