Allianz buys €162m project bond to finance Marseilles motorway

Allianz Global Investors this week closed a €162m financing for the construction of a motorway in Marseilles. Bankers claimed it was the first project in France which would be financed by an institutional investor in its construction phase.

  • By Jon Hay
  • 18 Oct 2013

Crédit Agricole and Société Générale arranged the 30 year debt financing, in which Allianz is the sole investor. The money goes to a project company, Société de la Rocade L2 de Marseille, which is building the second stage of the L2 bypass motorway under a public-private partnership.

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