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Company & Organisation News - 18/04/2014

Spectacular success of the sustainable green bond issues launched with Vigeo by Iberdrola and the Ile-de-France Region

Supported by Vigeo, on the 8th and the 15th of April, Iberdrola and the Ile de France Region both successfully launched sustainable green bonds dedicated to financing projects with a purpose and a management that contributes to sustainable development.

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The Iberdrola Green Bond, issued for an amount of €750 million, has been oversubscribed four times amongst investors. The funds raised are exclusively dedicated to financing and refinancing renewable energy projects and smartgrids that take into account ESG criteria from the Vigeo frame of reference. The indicators of projects were selected by Vigeo and will be used by Iberdrola to report to investors on the projects’ sustainable performance. To issue this bond, Iberdrola used both Vigeo rating research dedicated to the company since 2005 along with an independent second party opinion, that focused on the managerial performance of the company, on the relevance of its commitments, as well as on the environmental outcomes and the adequacy of its reporting indicators.

 

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For its part, the Ile de France Region has launched a Green Sustainability Bond, dedicated to the ecological transition and to enhancing social cohesion in its territory. The projects will focus on constructing and renovating buildings, developing public transportation and promoting sustainable mobility, extending the use of renewable energy and protecting biodiversity, launching action programs to support vulnerable populations, promoting social housing, as well as supporting SMEs and innovation. For an amount of 600 million euros, this bond issue is based on 11 ESG (Environmental, Social/Societal and Governance) criteria. Vigeo delivered its opinion as a second independent party, on the basis of its Local Authorities rating.

 

Revue de presse

La Région emprunte 600 millions d’euros sur les marchés obligataires
L’Ile-de-France réalise un emprunt record de 600 millions d’euros

Iberdrola follows EDF into green bond market with € 750m issue
Iberdrola canjeara 750 millones en bonos por otros de plazos mas largos
Iberdrola cierra el intercambio de bonos por 750 millones
Iberdrola coloca 750 millones para financiar proyectos sostenibles
Iberdrola cierra el intercambio de “bonos verdes” por una cantidad de 750 millones
Iberdrola cierra la primera emision de bonos “verdes” en Espana con 750 millones
Iberdrola cierra una emision de bonos por 750 millones para financiar proyectos sostenibles
Iberdrola cierra el intercambio de bono stras la emision “verde” de la semana pasada
Iberdrola piensa en “verde” hasta para emitir bonos
Iberdrola cierra una emision de bonos “verdes” por 750 millones
Iberdrola coloca 750 millones de euros en bonos “verdes
Iberdrola cierra el intercambio de bonos verdes

Keywords : Europe, France, Green bonds