Published on 3/12/2019 in the Prospect News Green Finance Daily.
New Issue: Societe du Grand Paris prices €2 billion 15-year 1.125% green bonds to yield 1.207%
By Sarah Lizee
Olympia, Wash., March 12 – Societe du Grand Paris priced €2 billion of 15-year 1.125% green bonds on Tuesday at 98.867 to yield 1.207%, according to a market source.
BNP Paribas, Natixis, NatWest Markets, Nomura and Societe Generale were bookrunners for the Regulation S deal.
All proceeds will be used to finance the Grand Paris Express automatic metro.
Societe du Grand Paris is a public establishment created by the state to build a new automatic metro system in greater Paris.
| Issuer: | Societe du Grand Paris
|
| Issue: | Green bonds
|
| Amount: | €2 billion
|
| Maturity: | May 25, 2034
|
| Bookrunners: | BNP Paribas, Natixis, NatWest Markets, Nomura and Societe Generale
|
| Coupon: | 1.125%
|
| Price: | 98.867
|
| Yield: | 1.207%
|
| Pricing date: | March 12
|
| Settlement date: | March 20
|
| Issuer ratings: | Moody’s: Aa2
|
| Fitch: AA
|
| Distribution: | Regulation S
|
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