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Crédit Agricole CIB issues US$60.5 million green bond
Investors and leader managers join firm in supporting project to reduce plastic pollution in oceans
17 May 2021 | The Asset

The Taipei branch of Crédit Agricole CIB has issued a seven-year NT$1.7 billion (US$60.5 million) bond to finance its green loan portfolio, specifically its exposure to renewable energy projects such as offshore wind farms. The company says it is the first-ever solidarity-based bond in the global sustainable market where investors, joint lead managers and the issuer team up to financially contribute to an environmentally and socially-friendly project.

In this case, a monetary contribution will be given to Plastic Odyssey, a global project supported by Crédit Agricole Group and Grameen Crédit Agricole Foundation since 2018, which aims to proactively reduce plastic pollution in oceans.

The contribution consists of the transaction’s savings due to investors’ concessions, the issuer’s savings due to joint lead managers’ concessions in the bond offering, and additional concessions provided by Crédit Agricole CIB Taipei branch.

The joint lead managers of the deal are Capital Securities, E. SUN Commercial Bank, Fubon Securities and Yuanta Securities.

The offering, issued under Crédit Agricole Group’s Green Bond Framework, benefits from the green bonds accreditation from the Taipei Exchange.