transport

COP21 Transport Day - Paris: Global call to industry stakeholders - support development of new Low Carbon Transport Climate Bond Standard

COP21: Paris: 6/12/2015: 1500 CET: Justine Leigh-Bell, Head of Standards at Climate Bonds has issued a call to action for global transport stakeholders to participate in the development of the world’s first Low Carbon Transport Climate Bonds Standard for green and climate bonds.  

New €80m 12yr French enviro bond 90% over-subscribed - Calais shows the way

Yesterday the Nord-Pas de Calais region of France announced its second successful issuance of a socially responsible bond since 2008.

The €80m, 12 year bond was facilitated by Credit Agricole - yes, it's that Tanguy Claquin again. Coupon (basically interest rate) was 3.42%, S&P rating is AA-.

Snippets: French province issues €119.5m green-SRI bond / S&P says we need bonds to finance renewables / EDHEC study says Solvency II will reduce lending to business / Greenland’s big melt

> French region Provence-Alpes-Côte d’Azur has issued a 12 year, AA-rated, €119.5m “socially responsible” bond with 75% of proceeds going to environmental projects (renewable energy, energy efficiency, transport) and 25% to social housing. The bond was significantly over-subscribed. Coupon is 3.6%; joint bookrunners were Crédit Agricole CIB (bravo Tanguy Claquin!) and HSBC France. Insurance companies made up 58% of investors, followed by asset managers at 33%. A third French, almost a third German, and the rest divided between Belgian and Dutch.