By Lisa Kerner
Charlotte, N.C., Dec. 3 – BPCE SA launched a €300 million seven-year green bond, its first, to finance ecofriendly projects elected by Natixis Energeco, a Natixis subsidiary specializing in the funding of renewable energy initiatives.
More than 100 investors subscribed for a total of €1.2 billon, according to a news release.
The funds raised by the BPCE issue will be transferred to Natixis in the form of a loan, the proceeds of which will in turn be allocated, on a gradual basis, to Natixis Energeco for the financing of eligible projects, the release stated.
Projects will focus on the design, construction and/or maintenance of renewable energy production units (wind, solar and biomass) located in France.
BPCE is a financial services company is based in Paris.
| Issuer: | BPCE SA
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| Issue: | Green bond
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| Amount: | €300 million
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| Maturity: | Seven years
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