3CIF leads way, SNCF to follow with euro green bond

Euro Puzzle Fotolia 230x150
By Lewis McLellan
06 Apr 2020

Caisse Centrale du Crédit Immobilier de France (3CIF) came to market with a five year bond on Monday, paving the way for fellow French agency SNCF to follow up with its green debut.

3CIF mandated BNP ParibasCrédit AgricoleHSBCNatixis and Société Générale to run the books for a five year benchmark. The leads offered price guidance of 38bp area over the March 2025 0% OAT for the deal.

The €500m trade was priced at 34bp over OATs, equivalent to around 28bp ...

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