Crédit Agricole CIB

[DEAL] 🍃🚇 Île-de-France Mobilités issued their inaugural European Green Bond this week, making them the first ever public sector issuer of a European Green Bond. This historic transaction underscores Île-de-France Mobilités' position as a pioneer in the #sustainable bond market. On Tuesday January 28th, Île-de-France Mobilités successfully issued a EUR 1bn 20-year EuGB transaction at OAT+19bps. This is the tightest pricing ever achieved versus the OAT curve as well as the largest tightening from guidance (6bps); a true testimony to their loyal and diversified investor base. ℹ️ The European Green Bond (EuGB) Regulation aims to set a clear and voluntary standard for green bonds, relying on the detailed criteria of the EU taxonomy to define green economic activities. It ensures levels of transparency in line with market best practice and establishes external supervision. The issuance of this European Green Bond marks another milestone in Île-de-France Mobilités' green financing journey, reaffirming its commitment to high-quality sustainable financing. An amount equivalent to the proceeds from the European Green Bond will be allocated to projects that advance the development of low-carbon public transport in the Île-de-France region, through projects aligned with the European Taxonomy. 🤝 We are proud to have supported Île-de-France Mobilités as Green Co-Structuring Agent and Joint Lead Manager, cementing our leadership and pioneering role in the green bonds arena. This mandate highlights our long partnership, extending our Green Structuring Bank mandates on their Green Bond Framework in 2021 and its updated Green Financing Framework in 2024, and we thank Île-de-France Mobilités for their continued trust. #SustainableFinance #GreenBonds

[DEAL] 🧴 The listed global multi-brand beauty and skincare group, L’Occitane International S.A., completed the last stage of its take-private transaction: The debt was syndicated with the Group’s longstanding banking partners. We are proud to have played a pivotal role in the successful capital raising and structuring of the EUR1.36Bn financing package in which we also served as Sole Underwriter. For the record, L’Occitane International S.A. had delisted from the Hong Kong Stock Exchange in October 2024. This take-private transaction was an undeniable success and it is a great satisfaction for us to have supported L’Occitane Groupe S.A., as financial advisor for the financing of this public tender offer. L’OCCITANE Group S.A., controlled by Reinold Geiger, initiated this transaction to provide the Group with the flexibility needed for making long-term strategic decisions while remaining dedicated to its brand and geography-specific strategies. The Group’s unique portfolio includes renowned brands such as L’Occitane en Provence, Sol de Janeiro, and ELEMIS. It represents an important milestone and turns a new page in the golden book of L’OCCITANE Group’s history. Thank you to L’OCCITANE Group to trust in us since its early days, and congratulations to the teams! #financialadvisors #StructuredFinance

As the Lunar New Year approaches, we would like to take a moment to thank you for your continued support over the past year. We wish you and your loved ones a healthy, prosperous, and fulfilling #YearoftheSnake. The snake symbolises wisdom, resilience, and adaptability – qualities that resonate with our commitment to navigating the evolving landscape and opportunities ahead. We look forward to achieving even greater heights with you in the upcoming year. #LNY2025

Congratulations to the Danish power leader Ørsted on the sale of a 50% stake to Taiwanese insurance giant Cathay Life Insurance Co., Ltd. in the Greater Changhua 4 offshore wind farm in Taiwan, as well as on the associated circa US $ 1.6 billion #projectfinance facility. The transaction marks the largest investment in offshore wind energy by a corporate entity in Taiwan’s insurance sector, and the first offshore wind project in Asia fully backed by a corporate offtake. Expected to complete construction by the end of 2025, the 583 MW Greater Changhua 4 site is part of Ørsted’s 1.82 GW Greater Changhua offshore wind cluster, which can provide enough energy to power nearly two million Taiwanese households annually. In line with our continued commitment to supporting Taiwan’s #energytransition, we have accompanied Ørsted as the sole Documentation Bank and Export Credit Agency Coordinator, as well as Lender (both senior and equity bridge facilities), Mandated Lead Arranger, Bookrunner, and Hedging Counterparty. This transaction further enhances our credentials in offshore wind asset financing and underscores our long-standing partnership with Ørsted, following our previous role in the divestment of the Greater Changhua 1.

A big thanks to our Australian corporate clients for sharing their views and outlook on global funding markets at our Corporate Roundtable in Sydney, co-hosted with KangaNews. At the back end of a phenomenal year for local and global credit issuance, we discussed: ➡️ demand, funding and execution strategy, ➡️ the growing prominence of the euro and Australian dollar markets ➡️ the changing manner in which investors are addressing #sustainability. We also invited a couple of the key global investors to share their perspective on Australian credit. Read the full article to know more 👇 #finance

📣 We are pleased to be among the first market participants for the new Northbound #SwapConnect measure implemented today, 13 January 2025. This initiative supports offshore investors to use China Government Bonds and Policy Bank Bonds held through Bond Connect as collateral for Northbound Swap Connect transactions. The measure provides an additional choice of non-cash collateral, offering greater flexibility and enhancing capital efficiency for Northbound Swap Connect investors. It will also help vitalise international investors' onshore bond holdings, promoting the internationalisation of Renminbi (#RMB). Launched in 2023, the Northbound Swap Connect programme provides a convenient and secure channel for international investors to trade interest rate swap products in Mainland China through a mutual-access mechanism connecting the Mainland and Hong Kong financial market infrastructure institutions. Committed to facilitating the opening-up of Mainland China capital markets and RMB internationalisation, this newly implemented measure allows us to better serve our clients and further connect international investors to domestic markets in Mainland China. #FinancialMarkets #capitalmarkets

[#PressRelease 📰] Sustainable Finance: 2024 overview and outlook 2025 In 2024, the #sustainable bond market has slowly grown in spite of a soft momentum around #ESG investment. It reached EUR 820bn-eq of sustainable bonds issued by mid-November, compared to EUR 790bn-eq in 2023. 📅 In 2025, as the integration of environmental and social challenges continues, the volume of sustainable bond issuance is expected to reach circa EUR 900bn-eq in 2025, resulting in a circa 10% growth vs 2024. Over the longer term, ESG investments and sustainable finance will continue to have a disruptive impact on capital markets. 💬 Damien de Saint Germain, our Head of Credit Research & Strategy explains: “Finding the balance between competitiveness and sustainable targets has become a growing topic across sectors and geographies. Regulation, particularly in Europe, will continue to play a key role especially as the carbon border levy (CBAM) will take place in 2026.” Read the full press release 👇 #SustainableFinance #GreenBonds #Sustainability

[AWARDS] 🏆 We are thrilled to be recognised for our expertise & experience in Global MTNs (Medium Term Notes), Private Placements and Commercial Paper with an unprecedented 8 awards in the CMD Portal 2025 Awards. Our teams are awarded as: • Best Overall MTN Dealer • Best USD MTN Dealer • Best Financial Institutions Group MTN Dealer • Best Negotiable European MTN Dealer • Best Overall Short-Term Dealer • Best Corporate Money Market Dealer • Best CNY Money Market Dealer • Best Asset Backed Commercial Paper Money Market Issuer Congratulations to our clients and our teams who made this possible! https://lnkd.in/eDqqngBf

[DEAL] Vivendi has completed on December 16th the spin-offs of its affiliates simultaneously on three European Stock Exchanges, Vivendi remaining listed on Euronext Paris. The Euros 8,9 Bln Spin off aims at fully unleashing the development potential of all Vivendi’s activities by listing. 👉 CANAL+ Group on the London Stock Exchange (GBP2.9 billion market capitalisation at opening),  👉 Havas Media Group (EUR1.8 billion market capitalisation at opening) on Euronext Amsterdam,  👉 Louis Hachette Group on Euronext Paris Growth (EUR1.2 billion market capitalisation at opening).   It is a great source of pride for us to have acted as Global Coordinator of this transforming transaction. We warmly thank Vivendi for their renewed trust.

🎉✨ Happy New Year! ✨🎉 As we step into 2025, we wish you a year filled with joy, inspiration and new perspectives! We extend our gratitute to our clients and teams for their continued trust and commitment. We look forward to another year of shared successes. We wish you an excellent 2025! ✨