SFIL prices inside fair value with debut green bond

FrenchTrio_Adobe_575x375
By Burhan Khadbai
13 Nov 2020

Société de Financement Local (SFIL) was over 5-1/2 times covered as it brought its long-awaited debut green bond to the market on Friday, allowing it to price well inside fair value.

Following the mandate announcement on Thursday, leads BBVA, BNP Paribas, Crédit Agricole, Natixis and NatWest Markets opened the books on SFIL’s €500m no-grow November 2028 green bond with guidance of 27bp area over the November 2028 OAT.

The spread was later set at ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial