Crédit Agricole: first social bond issue for E1bn
(CercleFinance.com) - Crédit Agricole has announced that it has completed its first social bond issue for one billion euros, the framework of which aims to reduce social inequalities by revitalising the most vulnerable territories and by promoting employment, solidarity initiatives and access to essential goods and services.
"This issuance will be focused in particular on financing professionals and SME customers of the Regional Banks and LCL in territories where the unemployment rate is higher than the national average," it said.
This is a senior non-preferred issuance with a maturity of 7 years. It gathered strong interest from investors, as reflected by the granularity and quality of the order book. This issue was subscribed primarily by European investors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.
"This issuance will be focused in particular on financing professionals and SME customers of the Regional Banks and LCL in territories where the unemployment rate is higher than the national average," it said.
This is a senior non-preferred issuance with a maturity of 7 years. It gathered strong interest from investors, as reflected by the granularity and quality of the order book. This issue was subscribed primarily by European investors.
Copyright (c) 2020 CercleFinance.com. All rights reserved.