Societe du Grand Paris is the entity set up in 2010 by the French Government to construct and deliver the "Grand Paris Express" transport network, which is a significant and far reaching expansion to the existing metro and commuter rail network in Île-de-France, the region around Paris.
The proceeds from this bond will be used to finance the construction of new lines and line extensions: almost 200 km of new metro lines to supplement the 400 km of existing lines in the Ile-de-France region. This includes extensions of Metro Line 14 and the establishment of 4 new Metro lines, 15, 16, 17, 18.
The plan also includes 68 metro stations and 7 supporting technical centres.
As the network is completely electrically powered and will have very high passenger ridership, this network complies with the Climate Bonds Stanadard Low Carbon Transport Criteria.
NAME OF BOND |
DATE OF ISSUE |
TYPE OF INSTRUMENT |
SIZE |
TENOR |
JURISDICTION OF ISSUER |
VERIFIER'S REPORT |
ANNUAL REPORT | FURTHER INFORMATION | |
Green EMTN | October 2018 | Use of Proceeds | EUR 1.75bn (USD 2.01bn) | 10 years | France | Low Carbon Transport | Pre Issuance Report by Sustainalytics | ||
Green EMTN | November 2018 | Use of Proceeds | EUR 20 million (USD 22.8 million) | 50 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
cbonds page | |
Green EMTN | February 2019 | Use of Proceeds | EUR 50 million (USD 57.3 million) | 50 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | March 2019 | Use of Proceeds | EUR 2 billion (USD 2.27 billion) | 15 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
Press Announcement by the issuer | |
Green EMTN | March 2019 | Use of Proceeds | EUR 50 million (USD 56.8 million) | 51 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | April 2019 | Use of Proceeds | EUR 55 million (USD 62 million) | 50 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | April 2019 | Use of Proceeds | EUR 70 million (USD 79 million) | 47 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | May 2019 | Use of Proceeds | EUR 2.5 billion (USD 2.75 billion) | 51 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | Feb 2020 | Use of Proceeds | EUR 3.25 billion (USD 3.57 billion) | 50 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | April 2020 | Use of Proceeds | EUR 50m (USD 54m) | 49 years | France | Low Carbon Transport |
Pre Issuance Report by Sustainalytics (Note 1) |
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Green EMTN | October 2020 | Use of Proceeds | EUR 3 billion (USD 3.53 billion) | 10 years | France | Low Carbon Transport | |||
Green EMTN | October 2020 | Use of Proceeds | EUR 3 billion (USD 3.53 billion) | 40 years | France | Low Carbon Transport |
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Note 1: As this is a Programmatic Certification, all the bonds share the same pre issuance verification report