Societe Generale prices €500 million of five-year green bonds

New York, Nov. 20 – Societe Generale SA priced a €500 million green bond issue (A2/A/A/A) with a five-year maturity, the bank announced in a news release.

The offering, Societe Generale’s first green bond, drew a strong response from investors, attracting €3 billion of demand from 170 potential buyers, the issuer said.

Proceeds will be used to finance projects contributing to combating climate change, including renewable energy and public transportation.

Vigeo will provide a second-party opinion and EY will be external auditor.

“This initiative demonstrates the engagement of Societe Generale in contributing in a responsible manner to the financing of a more sustainable economy,” said Didier Valet, the bank’s director of financing and investment.

“Societe Generale is one of the leading banks in the financing of the energy sector and in this role is conscious of the challenges of climate change for the planet. Its intention is to be a key actor in the financing of the energy transition.”

The bonds were sold under Societe Generale’s euro medium-term note program and will be listed on the Euronext – Paris exchange.

Societe Generale CIB was the bookrunner.

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