Chicago, June 24 – BpiFrance Financement priced €1.25 billion of 2.125% green bonds due Nov. 29, 2027 (Aa2//AA), according to information from a market source.
The bonds priced at 99.884 to yield 2.149%, at a spread of 33 basis points over OATs. Guidance was in the 34 bps area.
The bonds are guaranteed by EPIC Bpifrance.
Lead managers for the offer were BNP Paribas, Credit Agricole CIB, Natixis, NatWest Markets (billing and delivery) and Societe Generale.
Listing will be on Euronext Paris.
The issuer is a French public investment bank, formed by the joint venture of Caisse des depots et consignations and EPIC BPI-Groupe.
| Issuer: | BpiFrance Financement
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| Guarantor: | EPIC Bpifrance
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| Amount: | €1.25 billion
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| Issue: | Green bonds
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| Maturity: | Nov. 29, 2027
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| Bookrunners: | NatWest Markets, BNP Paribas, Credit Agricole CIB, Natixis, NatWest Markets and Societe Generale
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| Coupon: | 2.125%
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| Price: | 99.884
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| Yield: | 2.149%
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| Spread: | OATs plus 33 bps
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| Trade date: | June 22
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| Settlement date: | June 29
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| Ratings: | Moody’s: Aa2
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| Fitch: AA
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| Distribution: | Regulation S
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| Price talk: | OATs plus 34 bps area
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| ISIN: | FR001400BB83
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