By Rebecca Melvin
New York, Feb. 11 – Agence Francaise de Developpement priced €1 billion of 0% five-year climate bonds (AA/AA) at 101.259 to yield minus 0.245%, or 23 basis points over OAT, according to a market source.
The bookrunners for the Regulation S issue were BNP Paribas, Credit Agricole CIB, HSBC, Natixis and Societe Generale.
Proceeds will be used to finance projects contributing to the mitigation of greenhouse gas emissions and adaptation to climate change under the climate bond framework of AFD.
The notes will be listed on the Euronext Paris.
The issuer provides development and financing assistance to developing countries.
| Issuer: | Agence Francaise de Developpement
|
| Issue: | Climate bonds
|
| Amount: | €1 billion
|
| Maturity: | March 25, 2025
|
| Bookrunners: | BNP Paribas, Credit Agricole CIB, HSBC, Natixis and Societe Generale CIB
|
| Coupon: | 0%
|
| Price: | 101.259
|
| Yield: | Minus 0.245%
|
| Spread: | OAT plus 23 bps
|
| Pricing date: | Feb. 10
|
| Settlement date: | Feb. 17
|
| Ratings: | S&P: AA
|
| Fitch: AA
|
| Distribution: | Regulation S
|
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