Crédit Ag and Axa do transition bond demo
Crédit Agricole CIB has issued the first transition bond to be structured according to Axa Investment Management’s guidelines for this embryonic product, published in June. The €100m private placement, bought by Axa Group, was designed to demonstrate how the market could work.
“We wanted to do something that was pragmatic, to show to the market that this could be brought to life,” said Yo Takatsuki, head of ESG research and active ownership at Axa IM in London. “It’s an important milestone in the development of this asset class.”There has ...
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