The ecological transition and funding are firmly in motion in communities and the French companies, certainly in the forefront of finance green. SNCF Network, the manager of the rail network, in French, comes to succeed the issuance of its third obligation green (green bond) in the amount of 750 million euros and exceptional maturity of 30 years.
“This is the longest show green ever achieved in euro”, welcomes the public company, in a press release on Wednesday evening.
Investor demand has been strong, the order book has reached € 900 million. The biggest actors in the responsible investment (SRI) wanted to participate, to the image of the global leader in asset management, the american giant BlackRock, which is very sensitive to the theme of climate.
“Global player” go green bonds
This third show is to be 2.65 billion euros the total amount raised since last October by the SNCF in the form of green bond to renovate its network, including that of a billion euros over 17 years, last march. SNCF thus becomes “in less than a year one of the 15 largest emitters in the world of green bonds” boasts the group, excluding the issuers chinese “onshore” (green bonds in RMB and available only to domestic investors).
“This show, on an exceptionally long 30 years, demonstrates the confidence of investors in the signature SNCF Network, in the quality of our assets and of our industrial strategy focused on the sustainable development of the network structuring,” said Patrick Jeantet, the president and Ceo of the SNCF Network, in the press release. “Our business, by providing real liquidity to the investors, is now becoming a global player must to the market green bond”, a-t-he argues.
SNCF Network had mandated banks Credit Agricole CIB, Goldman Sachs, Natixis and Société Générale CIB as joint-lead managers of the transaction.
The RATP issued at the end of June its first obligation green, in the amount of 500 million euros, to finance projects with strong environmental impact.
For the record, the French State has issued in January, the largest green bond ever issued by a State, for a total amount of 7 billion euros over 30 years.