Bpifrance launches its first social bond €1.25bn

Bpifrance Finance Entreprise

On 23 October, Bpifrance launched its inaugural social bond issue for €1.25bn maturing in 2027 with a fixed interest rate of 3.50%. Bpifrance is thus positioning itself as an active and recurrent issuer of sustainable bonds following its green issues.

The transaction received strong support from investors with a final orderbooks seen over €2.9bn (including €400m from the Joint Lead Managers).

Interests gathered from investors showed the high quality and granularity of the orders coming from banks, asset managers, central banks and official institutions.

In terms of geographic distribution, Bpifrance's signature attracted a diversified investor base, with 21% of allocations coming from investors outside EU, including 13% from MENA region (Middle East/ North Africa).

The idea is to fully contribute to the emergence of sustainable finance. Indeed, it is in Bpifrance's DNA to finance projects with a positive social impact. Bpifrance aims to support all entrepreneurs, especially projects that promote sustainable development, job creation, and social innovation.

Jean-Yves Caminade, Chief Financial Officer, Bpifrance

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Press release - Bpifrance launches its first social bond €1.25bn