Cadent Gas targets debut transition bond

摘要

cadent gas, which runs a network supplying the fuel to more than 10 million UK households, is expected to print its first transition bond following a roadshow that wraps up on February 27. The investor meetings come after the publication of Cadent's transition bond framework in December. It is marketing a €500m 12-year note through meetings in the UK and across Europe. Although growing, transition bonds are still a tiny subset of the ESC bond universe. Unlike green bonds, there is no formal framework for transition bonds, which has led to controversy.