HSBC France to place €500 million fixed-rate green bond

By Lisa Kerner

Charlotte, N.C., Nov. 25 – HSBC France will issue a €500 million five-year fixed-rate green bond.

The offer period starts Nov. 25, and the offer price is to be determined, according to a news release.

Proceeds will be applied to projects and businesses, including pure play entities, defined as businesses that derive more than 90% of their revenue from one of the eligible sectors.

Eligible sectors include renewable energy, energy efficiency, sustainable waste management, sustainable land use, clean buildings, clean transportation, sustainable water management and climate change adaption.

HSBC France has obtained a second party review from Cicero on the HSBC Green Bond Framework and been certified as “Dark Green.”

HSBC is the bookrunner.

The company is a member of the Green Bond Principles Executive Committee, and HSBC’s green bond will follow the Green Bond Principles.

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