By Devika Patel
Knoxville, Tenn., Sept. 25 – SNCF Reseau priced a €250 million add-on to its 2.25% green bonds due Dec. 20, 2047 (Aa2/AA/AA) with a spread of 36 basis points over OATs, according to a market source. The company previously sold €1.1 billion of the notes.
J.P. Morgan Securities LLC (bill and deliver), BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC were joint bookrunners for the Regulation S sale.
Proceeds will be used for eligible green projects.
Based in Paris, SNCF is the operator of the French rail infrastructure.
| Issuer: | SNCF Reseau
|
| Issue: | Green bonds
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| Amount: | €250 million
|
| Maturity: | Dec. 20, 2047
|
| Bookrunners: | J.P. Morgan Securities LLC (bill and deliver), BNP Paribas Securities Corp. and Morgan Stanley & Co. LLC
|
| Coupon: | 2.25%
|
| Spread: | 36 bps over OATs
|
| Pricing date: | Sept. 25
|
| Settlement date: | Oct. 2
|
| Total outstanding: | €1.35 billion, including €1.1 billion of notes previously issued
|
| Ratings: | Moody’s: Aa2
|
| S&P: AA
|
| Fitch: AA
|
| Distribution: | Regulation S
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