By Wendy Van Sickle
Columbus, Ohio, Sept. 27 – La Francaise de l’Energie issued a seven-year green bond in an initial tranche of €25 million, according to a press release.
There is an optional second tranche of €15 million.
Initially, the deal was planned to be sized at €40 million for the first tranche, with a possible €15 million second tranche.
Edmond de Rothschild Asset Management is the investor.
The company will use the proceeds for the development of its energy portfolio in France and Belgium.
Forbach, France-based La Francaise de l’Energie is involved in the evaluation of gas resources in France and specializes in coal bed methane.
| Issuer: | La Francaise de l’Energie
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| Issue: | Green bond
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| Amount: | €25 million with possible €15 million second tranche
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| Tenor: | Seven years
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| Investors: | Edmond de Rothschild Asset Management
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| Announcement date: | Sept. 27
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