The green milestone: France beats wildest hopes with great big GrOAT
France surpassed the expectations of even the most passionate supporters of the green bond market on Tuesday, selling comfortably the largest ever print in the format. Socially responsible investment (SRI) experts believe the deal makes it almost certain that other sovereign issuers will add green bonds to their funding mix.
Leads Barclays, BNP Paribas, Crédit Agricole, Morgan Stanley, Natixis and Société Générale priced a €7bn June 2039 green OAT (GrOAT) after taking orders of over €23.5bn (including €5.2bn from the lead managers). Crédit Agricole is sole structuring adviser.“France went to market ...
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