Crédit Agricole CIB’s Post

[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

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