France Hires Banks for Green Government Bond Syndication

By Emese Bartha

France has hired a group of banks to syndicate its inaugural euro-denominated green government bond, known as OAT, to be issued in the 15- to 25-year part of the curve, subject to market conditions, one of the banks said in a deal announcement on Tuesday.

The banks hired for the issuance are Barclays, BNP Paribas, Credit Agricole CIB, Morgan Stanley, Natixis and Societe Generale CIB as joint lead managers.

Two of these banks, Credit Agricole CIB and Morgan Stanley will arrange a series of investor calls and meetings to introduce France's Green Bond Framework, with a roadshow starting on Jan. 6.

The French Treasury Agency announced in its funding program for 2017 on Dec. 15 that it was planning to syndicate a green benchmark bond with long maturity, depending on market conditions.

Write to Emese Bartha at emese.bartha@wsj.com

(END) Dow Jones Newswires

January 03, 2017 04:41 ET (09:41 GMT)

Barclays (NYSE:BCS)
Historical Stock Chart
From Mar 2024 to Apr 2024