By Susanna Moon
Chicago, Jan. 14 – SNCF Reseau priced €500 million of 10-year green bonds (Aa2/AA/AA) with a spread of 35 basis points over OATs, according to a market source.
The 0.875% bonds came to market at 98.91 to yield 0.99%.
BNP Paribas (bill and deliver), Credit Agricole CIB, Goldman Sachs International and HSBC were joint bookrunners for the Regulation S sale.
Proceeds will be allocated to investments in one or more eligible green projects.
Based in Paris, SNCF is the operator of the French rail infrastructure.
| Issuer: | SNCF Reseau
|
| Issue: | Green bonds
|
| Amount: | €500 million
|
| Maturity: | Jan. 22, 2029
|
| Bookrunners: | BNP Paribas (bill and deliver), Credit Agricole CIB, Goldman Sachs International and HSBC
|
| Coupon: | 0.875%
|
| Price: | 98.91
|
| Yield: | 0.99%
|
| Spread: | 35 bps over OATs
|
| Pricing date: | Jan. 14
|
| Settlement date: | Jan. 22
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Fitch: AA
|
| Distribution: | Regulation S
|
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