What’s the implications of the GMG Sustainability Bond?

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Question asked 06/05/2022

What’s the implications of the GMG Sustainability Bond?

Hi James, GMG issued a $500M sustainability bond this week that sent the share price down considerably. Could you please explain what the implication of this is and what it may mean for future share price performance? Many thanks

Answer

Hi Alex,

The GMG sustainability bond shouldn’t have any major impact on the companies share price assuming investors are comfortable with how the business intends to use these funds and there’s nothing unusual happening here. We remain long the stock believing it represents great value into current weakness around $21.

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Goodman Group (GMG)

LAST UPDATED 06/05/2022 11:45

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