Eramet announced on Tuesday that it plans to repurchase 300 million euros worth of debt maturing in 2025, with the aim of launching a new sustainability bond issue.

The tender is for its entire 300 million euro bond issued in 2019, due to mature in May 2025 and currently listed on Euronext Paris.

The mining and metals group specifies that this offer is conditional on the successful completion of its new sustainability-linked bond issue.

According to Eramet, the purpose of the transaction is, among other things, to proactively manage its debt profile and extend its average maturity.

Eramet shares were down by around 0.2% on Tuesday morning on the Paris Bourse following this announcement.

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