AFD wins huge book for green bond, prices flat to or through curve
The Agence Française de Développement (AFD) managed to pull its spread in by 6bp from price guidance on its six year green bond issue today, attracting a heavily oversubscribed book full of investors seemingly ready to buy at any price.
That strong execution for a deal that ended up sized at €750m sets an excellent tone for the City of Paris’s sustainability bond issue, scheduled for Thursday.
The City of Paris has mandated Crédit Agricole
and Société Générale
for a 17 year Reg S sustainability
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