Crédit Agricole CIB successfully structures and places world's largest green bond for France
On 24 January 2017, Agence France Trésor launched the first French sovereign green bond, for €7 billion with a 22-year maturity, making it the largest green bond* by value and longest by maturity ever issued on international capital markets. Crédit Agricole CIB was Agence France Trésor's sole advisor bank for structuring this issuance. This historical transaction for the environmental finance market attracted a particularly broad spectrum of investors including, among others, finance behemoths BlackRock, AXA, Amundi and Barclays, pension fund managers Erafp and lircantec, as well as NGOs such as WWF. This exceptional transaction confirms France's first-rank role in respect of socially-responsible investments, and Crédit Agricole CIB's expertise in responsible finance and bond issues for states, supranationals and agencies.
* Green bonds are standard bonds, except that the funds raised must be for financing energy transition and climate change projects.