French agencies get the green light

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By Frank Jackman
13 Jun 2019

A pair of French agencies hit screens with new SRI notes this week. On Wednesday, Caisse des Dépôts et Consignations came to market with its debut sustainable bond, the first under a new green, social and sustainable framework. And on Thursday, Régie Autonome des Transports Parisiens steamed in with its second ever green bond.

CDC's sustainable debut, a €500m zero coupon June 2024, was issued at 101.325, giving the note a -0.263% yield.

“This was our first benchmark with a zero coupon and a negative yield,” said Pauline Morel, in the financing team at CDC. “During our roadshow, we asked investors if ...

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