Green convertibles arrive with Neoen blowout

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By Aidan Gregory, Jon Hay
28 May 2020

Neoen, the French solar and wind energy producer, has issued the first green convertible bond in Europe — and investors’ eager reception of the deal suggests these instruments could be as popular in the equity-linked market as they have become in the straight bond market.

“We had had it in mind for a long time at SG to bring a green-labelled equity-linked product,” said Pierre Troussel, co-head of equity capital markets for France, Belgium and Luxembourg at Société Générale in Paris. “We were just waiting for the right time and the right name. ...

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