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.