VINCI’s Inaugural Green Bond Offering 5x Oversubscribed
Concessions and contracting company VINCI announced the successful issuance of its first green bond maturing in November 2028, with a coupon rate of 0%. According to the company, the €500 million offering was more than 5 times oversubscribed.
The company stated that proceeds from the offering will be used for projects that have a positive impact on the environment. VINCI’s recently published green bond statement outlines three pillars for use of green bond proceeds, including Act for the climate, Optimize resources thanks to circular economy and Preserve natural environments. Eligible project categories under these pillars include green buildings, energy efficiency technologies, renewable energy, clean transportation, innovation and preservation of biodiversity.
Joint bookrunners on the deal include CACIB (Green Bond Structurer), Barclays, BNP Paribas, Deutsche Bank and Société Générale. V.E provided a Second Party Opinion (SPO) on the sustainability credentials and management of VINCI’s Green Bond Framework.