France – Le Groupe La Poste
Le Groupe La Poste issue of a Green Bond
On November 23, 2018, La Poste successfully launched its first € 500 million Green Bond issue, with a 10-year maturity and a fixed annual coupon of 1.45%.
The operation was the subject of a European roadshow in November with about 60 investors. The bond has been subscribed four times more than its original amount, by 104 investors, many of whom integrate environmental and social considerations, with 46% coming from France and 54% from the rest of Europe.
La Poste has thus increased its investor base confirming its signature in the bond markets.
La Poste is the first postal operator worldwide to issue on the Green Bonds market and is positioned as a major player in the energy transition.
This issue is at the heart of its societal commitment, oriented towards social and territorial cohesion, the rise of an ethical and responsible digital environment and the support of ecological transitions.
Funds raised will finance or refinance assets and projects belonging to three fundamental sectors: clean vehicles, green buildings and renewable energies.
The allocation of funds will be subject to a specific traceability process that will be audited annually by an external auditor. The annual reporting will allow the investors to check the funds allocation and evaluate the environmental impact of their investment.