French project bond for broadband expansion

By Richard Metcalf
31 Jul 2014

Axione Infrastructures this week issued a €189.1m project bond. It was the first infrastructure project bond in France, and the first project bond in Europe for the development of digital infrastructure.

The 11 year bond has a coupon of 2.622% and is listed on Euronext. Natixis was lead manager and sole bookrunner. Credit Agricole CIB and Santander were co-arrangers.The European Investment Bank supported the deal with a credit enhancement package, as it has previous project bond deals, by providing ...

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