SGP locks in ‘strategic’ 50 year green as SSAs pile into SRI
Société du Grand Paris hoovered up strong demand this week to sell the longest ever public syndicated green bond. The French agency was joined by three other public sector borrowers in raising socially responsible bonds this week, including the first European city to issue a social-labelled bond.
SGP raised €2.5bn with a February 2070 green bond at a spread of 30bp over the May 2066 OAT (the longest point on the French government bond curve). The order book peaked at over €6bn and closed at over €5.3bn, including €175m of lead manager interest.Barclays, ...
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