By Devika Patel
Knoxville, Tenn., July 10 – Unedic sold €2 billion of 0.25% 15-year social bonds, according to a market announcement.
J.P. Morgan Securities plc, Barclays, BNP Paribas, Goldman Sachs and HSBC were the stabilization managers.
Proceeds from bonds issued under the agency’s social bond framework, such as these, will be used by Unedic to successfully carry out its mission of compensating, protecting and supporting workers, helping companies to preserve jobs in cases of economic or health crisis and neutralizing periods of job loss through the contribution to supplemental retirement regimes.
Unedic is a Paris-based independent association that provides unemployed people with social benefits.
| Issuer: | Unedic
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| Securities: | Bonds
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| Amount: | €2 billion
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| Maturity: | July 16, 2035
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| Coupon: | 0.25%
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| Bookrunners: | J.P. Morgan Securities plc, Barclays, BNP Paribas, Goldman Sachs and HSBC
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| Announcement date: | July 10
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