Bpifrance successfully launched its 1rst €1bn EU Green Bond

Bpifrance successfully launched its first European Green Bond (‘EU Green Bond’) on 23 February 2026, raising €1bn with a maturity date of 25 February 2036. This debut transaction confirms its pioneering role in the green bond markets and reflects investors' strong confidence in the soundness of Bpifrance's financial model and the environmental ambition of its strategy.

This issue follows the publication in January 2026 of its new Green Financing Framework and the pre-issuance Factsheet on European Green Bonds.

Bpifrance thus becomes the 1rst French bank to issue under this ‘EU Green Bond’ format and the 3rd French issuer to enter this market.

An amount equivalent to the proceeds of the issuance under the EuGB Regulation will be used exclusively to finance or refinance, in whole or in part, new or existing medium- and long-term loans located in France, aimed at supporting projects in Renewable Energy, Clean Transport, Waste Management and Green Buildings.

The transaction received strong investor support, with the final order book exceeding €8.8bn. The order book demonstrated high granularity and quality, with participation from asset managers (43.6%), central banks and official institutions (26.6%), banks (19.5%), and insurance companies and pension funds (6.9%).

In terms of geographical distribution, the Bpifrance name attracted a diversified investor base, with 30.3% of allocations to French investors, 19.0% to UK & Ireland, 15.5% to DACH¹, 15.4% to Asia, 10.1% to Southern Europe, 3.0% each to MENA² and Benelux, 2.9% to the Nordics, and 0.9% to other regions.

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(1) Germany, Austria, and Switzerland

(2) Middle East and North Africa