AFL makes 'punchy' sustainability debut

By Lewis McLellan
06 Jul 2020

Agence France Locale hit the market with a September 2027 sustainability bond on Monday, raising €500m at a level one of the leads called "punchy" .

Natixis, Crédit Agricole and Société Générale ran the books for the deal, starting with guidance of 36bp area over OATs. The orderbook climbed to €610m, include €65m of orders from joint lead managers, and the leads fixed the spread at 35bp.

The book continued to ...

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