France
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France’s AccorHotels has bought its Paris head office for €363m, drawing on a new green loan to finance the acquisition.
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After scrapping its first attempt to issue Obligations Foncières last month, My Money Bank was finally able to complete its covered bond deal on Wednesday — but subscription levels were muted. -
Consolis, the French concrete producer owned by Bain Capital, has abandoned its €135m IPO on Euronext Paris, blaming volatile markets.
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The UK’s B&M will move into the French retail sector with a debt-financed acquisition of discount retailer Babou.
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Swedish Covered Bond Corp (SCBC) had a tough time on Tuesday attracting a convincing order book for its fourth covered bond of the year, possibly reflecting difficult market conditions, its frequency of issuance and the tenor of its deal. In contrast, Crédit Mutuel Arkéa managed to quickly pull in demand for a shorter deal.
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Société Générale (SocGen) has made two senior management changes in China, expanding its business ambitions in the region.
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French renewable energy producer Neoen, the largest French IPO of the year, is up by over 8% in trading joining a number of new listings, which have survived volatile markets to stay above water.
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Neoen, the French renewable energy producer, priced the largest French IPO of 2018 on Tuesday, and the deal has traded up in the aftermarket, bringing cheer to investors after a series of pulled deals.
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Ireland this week added its name to the growing list of sovereign green bond issuers, achieving one of its main goals as it diversified its investor base. A debut French agency issuer joined the sovereign on Wednesday, printing its first ever deal — which also came from the first ever Green Euro Medium Term Note programme.
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One of Europe’s major electricity producers, Portugal’s EDP, sold its first green bond on Tuesday, aligning its fundraising with the company’s green principles. Meanwhile, Dutch airport owner and operator Royal Schiphol Group announced plans for its debut green bond. Both followed French vehicle leasing company ALD’s inaugural green bond.
