Vigeo Eiris « Second Party Opinion » of the second Green Bond issued by ENGIE
With an amount of 1,5 billion euros, Engie confirms, through this issuance, its commitment on the Green Bonds market.
Following its first « green bond » issued on May 2014, Engie has once more, solicited investors confirming the group’s commitment to contribute to the development of green finance.
This second issuance has has two tranches: a 7-year tranche of €700 million with a 0.875% annual coupon, and a 11-year tranche of €800 million with a 1,5 % annual coupon. The average coupon amounts to 1.20 % for a 9.1 years average duration. The amount raised will finance environmental projects: renewable energy projects (wind and solar farms, hydroelectric plants), energy efficiency projects and natural resources preservation projects. These projects must meet a number of environmental and social criteria.
Vigeo Eiris evaluated this green bond and provided its opinion on the environmental purposes, its contribution to sustainable development and the responsible management of the issuance, aligned with the sustainable development goals (SDGs) defined by the United Nations and the “Green Bond Principles”.
Download the Green Bond Framework defined by Engie and Vigeo Eiris Second Party Opinion
Keywords : ESG, France, Green bonds, Methodology