The Taipei branch of Crédit Agricole CIB has issued a seven-year NT$1.7 billion bond to finance its green loan portfolio, specifically its exposure to renewable energy projects such as offshore wind farms.
This first-ever solidarity-based bond in the global sustainable market will financially contribute 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.
Source Finance Asia