Société Générale: fifth Positive Impact bond issuance

(CercleFinance.com) - Société Générale says it has successfully completed its fifth Positive Impact bond issuance contributing to the financing of a sustainable economy.


The securities were issued by Société Générale SFH, a subsidiary of Société Générale dedicated to the refinancing of home loans portfolios.

The bond issue was in the form of a 10-year fixed-rate covered bond for an amount of 1 billion euros. This operation demonstrates the Bank's ongoing commitment to the energy transition.

The transaction was very well received by investors, with final subscriptions exceeding 2.5 billion euros. The funds raised will be used to refinance home loans granted for carbon-efficient buildings.

Philippe Aymerich, Deputy Chief Executive Officer in charge of French Retail Banking activities and Group Resources said: "Conscious of the environmental issues that society faces, the Group is committed to the energy transition and the support of Positive Impact projects. We continue to pursue a voluntary and responsible policy to the financing of a carbon-efficient and sustainable economy. Societe Generale is a key actor in real estate financing in France and this project is in line with our vision for sustainable cities supported by the Group”.

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