Plenty of room at the inn for Whitbread green bonds

摘要

UK hospitality group WHITBREAD proved that even those businesses most heavily weighed on by the Covid-19 pandemic can muster a strong response from primary bond markets, with investors happy to take on the additional risk if it offers higher spreads. The owner of Premier Inn and Beefeater restaurants, rated BBB- by Fitch, has seen its business hammered by lockdowns. According to the company's latest results, announced in mid-January, total UK occupancy levels at its hotels for the 13 weeks to November 25 stood at 49.3%.