The Caisse des Dépôts’ new €1bn Sustainable Bond a success
© congerdesign - Pixabay
On 21 April 21, Caisse des Dépôts successfully launched a new €1bn Sustainable Bond, with a 3% interest rate and maturing on 25 February 2031. Issued under its new Green, Social, and Sustainable Financing Framework, this is the 10th ESG-labeled bond issued by Caisse des Dépôts since 2017.
The bond features a 9-basis-point spread above the OAT curve and attracted over 83 investors, with the final order book reaching €3.2bn.
Geographically, the investor base was diverse:
- Southern Europe (28%),
- UK (21%),
- France (16%),
- Germany-Austria (13%),
- Benelux (11%).
The issuance was primarily subscribed by banks (65%) and asset managers (20%).
This new Sustainable Bond aligns with the Caisse des Dépôts’ strategic goals, supporting ecological transformation and social and territorial cohesion. It contributes to the EU’s environmental objectives and the UN Sustainable Development Goals (SDGs), while adhering to the exclusions of the EU Paris-Aligned Benchmark (PAB).
Read the press release and the new Green, Social, and Sustainable Financing Framework and know more