Green Bond Fact Sheet
Summary
This fact sheet details a EUR 750 million green bond issued by La Banque Postale on April 4, 2019, with a 10-year tenor. The proceeds are dedicated to financing or refinancing 47 renewable energy loans, specifically focusing on wind and solar projects.
Key insights
- La Banque Postale issued a senior non-preferred green bond on April 4, 2019, for a total amount of EUR 750 million (USD 841 million) with a maturity date of April 24, 2029.
- The net proceeds of the bond are exclusively used to finance or refinance 47 loans for renewable energy projects. The initial portfolio of EUR 1.2 billion is composed of 55% wind and 45% solar energy, which is estimated by framework advisor Carbone 4 to avoid at least 35,800 tonnes of CO2 annually.
- The bond issuance saw strong demand from ESG-driven and green investors, resulting in a book with twice as many investors compared to a 10-year senior non-preferred bond issued the previous year. Asset managers received the largest allocation at 52%, followed by insurance companies and pension funds at 40%.
- Geographically, French accounts took the largest share of the issue at 52%, followed by Germany and Austria at 16%, the Benelux at 12%, and the UK, the Nordics, and southern Europe each at 6%.
- The issuer has committed to providing annual public reports on the bonds until maturity, including information on the allocation of proceeds by category and aggregate environmental and social impacts.
Cite the original document
- APA
- Climate Bonds Initiative (2019). Green Bond Fact Sheet. https://www.climatebonds.net/files/drupal-files/files/2019-04%20FR%20La%20Banque%20Postale.pdf
- Chicago
- Climate Bonds Initiative. Green Bond Fact Sheet. 2019. https://www.climatebonds.net/files/drupal-files/files/2019-04%20FR%20La%20Banque%20Postale.pdf.
- Wikipedia
- {{cite report |author=Climate Bonds Initiative |title=Green Bond Fact Sheet |date=1 May 2019 |url=https://www.climatebonds.net/files/drupal-files/files/2019-04%20FR%20La%20Banque%20Postale.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{climatebondsinitiative2019green, author = {{Climate Bonds Initiative}}, title = {{Green Bond Fact Sheet}}, institution = {Climate Bonds Initiative}, year = {2019}, month = may, url = {https://www.climatebonds.net/files/drupal-files/files/2019-04%20FR%20La%20Banque%20Postale.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }
Full text
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