The issue, brought out by two major French banks, accelerates a growing market trend toward creating financial instruments to support the development of eco-responsible business practices.
November 11, 2021 at 03:24 PM
2 minute read
Paris Correspondent
Jones Day and Orrick, Herrington & Sutcliffe have advised on a €1.5 billion issue of “green” home-loan bonds in France, accelerating a growing market trend toward creating financial instruments to support the development of eco-responsible business practices.
Groupe BPCE and Natixis, both major French-based financial institutions, were joint arrangers on the issue, which packages residential loans into bonds to be sold on to investors.
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