France’s AFD organizes €500 million offering of sustainable bonds

Chicago, Sept. 11 – Agence Francaise de Developpement (AA/AA) is planning a €500 million sustainable benchmark bond offering with a 15-year tenor, according to a market source.

The size will not grow. The maturity date will be Sept. 20, 2038.

BNP Paribas, Citi, JPMorgan and Natixis have been selected as lead managers.

Proceeds will be used to finance or refinance eligible sustainable expenditures.

The Paris-based issuer provides development and financing assistance to developing countries.

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