SNCF is the entity that owns and manages that railway network in France. Its mission is to develop and operate a reliable, highly effective and sustainable network which serves the needs of one of the most environmentally friendly public transport systems.
“Eligible Green Projects” of SNCF Réseau’s Climate Bond Framework include:
- Investments related to maintenance, upgrades and energy efficiency of the railsystem;
- Investments related to new rail lines and rail lines extensions which ensure access to the network and the efficient movement of people and freight; and
- Other Investments linked to the global climate change challenges, the protection of biodiversity and natural resources.
Before 2020, SNCF Réseau was the issuer. From 2020 onwards, bonds are issued by SNCF SA.
|
DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
TENOR |
COUNTRY OF ISSUE |
CLIMATE BONDS SECTOR CRITERIA |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION |
|---|---|---|---|---|---|---|---|---|
| October 2016 | Use of Proceeds | EUR 900m (USD 982m) | 15 years | France | Low Carbon Transport | 2016 | SNCF Green Bonds website | |
| March 2017 | Use of Proceeds | EUR 1bn (USD 1.067bn) | 17 years | France | Low Carbon Transport |
see above |
Climate Bond Framework | |
| July 2017 | Use of Proceeds | EUR 1.35 billion (USD 1.475 billion) | 30 years | France | Low Carbon Transport | see above | Green Bond Summary | |
| January 2019 | Use of Proceeds |
EUR 700m (USD 790m) |
10 years | France | Low Carbon Transport | see above | Global Capital article | |
| July 2019 | Use of Proceeds | EUR 1.5 billion (USD 1.7 billion) | 17 years | France | Low Carbon Transport | see above | ||
| August 2019 | Use of Proceeds | EUR 150m (USD 167 million) | 10 years | France | Low Carbon Transport | see above | ||
| August 2019 | Use of Proceeds | EUR 100m (USD 111 million) | 100 years | France | Low Carbon Transport | see above | ||
| March 2020 | Use of Proceeds |
EUR 50m (USD 55m) |
100 years | France | Low Carbon Transport | see above | ||
| April 2020 | Use of Proceeds |
EUR 1.55bn (USD 1.717bn) (including two taps of EUR 100m, EUR 200m)
|
10 years | France | Low Carbon Transport | see above | updated green bond framework | |
| December 2020 | Use of Proceeds | USD 50m | 30 years | France | Low Carbon Transport | see above | ||
| March 2021 | Use of Proceeds | AUD 120m (USD 91.3m) | 15 years | France | Low Carbon Transport | see above |
Note: Programmatic Issuance - only one pre issuance report required for first bond. All subsequent bonds use that same report.