Credit Agricole Sa: €1bn for local, sustainable and inclusive growth in the regions: the Crédit Agricole Group carries out...
02 Décembre 2020 - 08:15PM
Credit Agricole Sa: €1bn for local, sustainable and inclusive
growth in the regions: the Crédit Agricole Group carries out its
first social bond issuance
Montrouge, 2 December 2020 |
#impact financing #inclusive and sustainable growth
€1bn for local, sustainable and inclusive
growth in the regions:the Crédit Agricole Group
carries out its first social bond issuance
Whereas the current crisis is severely
affecting the most fragile, the Crédit Agricole Group is resolutely
pursuing its mutualist commitment to promote development for all.
Today, it has successfully carried out its first social bond
issuance for €1 billion. The framework of these social bonds
issuances aims to reduce social inequalities by revitalising the
most vulnerable territories and by promoting employment, solidarity
initiatives and access to essential goods and
services.
A key issuer in the green bond market, the Group
is today naturally broadening the field of its sustainable finance
initiatives with this inaugural social bond issue. This
theme-based issuance contributes to the Group’s ambition, included
in its Societal Project, to pursue its mutualist commitment to
promote development for all. 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.
For Dominique Lefebvre, Chairman of Crédit Agricole S.A.:
“Today, this first social bond issuance, with a positive impact,
marks the continuation of our mutualist commitment to promote
economic and social development for all. The issuance of social
bonds will enable us to carry out strong actions throughout France
aimed at reducing social inequalities and revitalising the
territories, in particular by promoting employment in SMEs. ”
This inaugural issuance provides the Group with
a framework for all its social bond issuances which includes:
- The economic development of territories in
particular through the financing of SMEs to create employment in
areas affected by a relatively high unemployment rate, and of
investment in information and communication technologies in rural
areas;
- Overall well-being due to the financing of
associations working for the promotion of sports, access to culture
and the development of solidarity initiatives, but also through the
financing of social housing;
- Access to healthcare services through the
financing of public hospitals and support for structures for the
elderly as well as SMEs in the field of healthcare.
The Group will report each year on the social
and societal impact of the asset portfolio refinanced through its
social bonds.
This operation 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.
It was structured by Crédit Agricole CIB
– one of the global leaders in Green, Social and Sustainability
bond arrangements.
Crédit Agricole Press
Contacts
Olivier
Tassain
+ 33 1 43 23 25
41
olivier.tassain@credit-agricole-sa.frPauline
Vasselle
+ 33 1 43 23 07
31
pauline.vasselle@credit-agricole-sa.frBénédicte
Gouvert
benedicte.gouvert@ca-fnca.fr
See all our press releases at: www.credit-agricole.com -
www.creditagricole.info
- 2020 12 02 €1bn for local, sustainable and inclusive growth in
the regions