BNP Paribas priced its inaugural green bond in November 2016, establishing an industry benchmark. The €500m raised will be used to finance green assets.
Ahead of the launch of this green bond, BNP Paribas has defined a Green Bond Framework in line with the Green Bond Principles published by the International Capital Market Association.
The net proceeds of the issue of the Notes will be allocated to the financing and/or refinancing, of Eligible Green Assets in the following Eligible Sectors:
- Renewable energies
- Energy Efficiency
- Mass and Public transportation
- Water Management & Water Treatment
"The launch of our inaugural green bond today amplifies our commitment to sustainability and to supporting projects which have a positive impact. We look forward to working together in continuing to deliver market based sustainable solutions which help us and our clients meet social and environmental challenges."Michel Konczaty, Deputy COO, BNP Paribas
BNP Paribas plays an active role in the development of the Green Bond market having lead-managed more than EUR 5.8 bn in Green Bonds to date, including over EUR 1 bn in equity-linked.