19 December 2017: IFR offers a triple crown to France’s Green OAT

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The International Financing Review (IFR) 2017 Awards were made public on Friday 15 December 2017.

For the launch of the Green OAT, Agence France Trésor received the three following awards:

  • Euro Bond
  • SSAR Bond (sovereign, supranational, agency and regional)
  • SRI Bond (socially responsible investing).

IFR Magazine announced on this occasion that “France changed the landscape and pushed the boundaries of what was possible in the Green bond market, marrying state budget plans with best-in-class environmentally responsible financing while establishing a blueprint for the asset class ”.

Background for the Green OAT

On 24 January 2017, Agence France Trésor launched the first French sovereign green bond with a maturity of 22 years. The Green OAT 1.75% 25 June 2039 issuance amount was €7bn, making it the largest and longest-dated green benchmark bond ever issued. By becoming the first country in the world to issue a sovereign green benchmark bond, France confirmed its role as a driving force for the implementation of the goals of the December 2015 Paris Climate Agreement.

As it does for conventional benchmark OATs, AFT will continue to tap the Green OAT, whose the outstanding amount currently stands at €9.7bn, to meet market demand, up to the limit of eligible green expenditures.

Information :
Agence France Trésor (AFT)
+33 1 4004 1550