BNP Paribas successfully launches inaugural Green Bond

BNP Paribas today announced it has priced its inaugural EUR 500 million Green Bond. The transaction attracted strong demand from investors allowing a pricing inside of BNP Paribas ordinary senior debt curve.

BNP Paribas has a long standing commitment to sustainability. A year ago, it committed to supporting the development of renewable energies by more than doubling its exposure to this sector from €7.2bn in 2015 to €15bn in 2020, and continuing at the same time to promote Green Bonds to institutional investors, a market in which BNP Paribas aims to rank among the top three global players for euro-denominated issues by 2018. The Group has also decided to strengthen its policies for the management of carbon risk. This is in line with the energy transition policy announced by the Group a year ago in order to comply with the international consensus aiming to restrict global warming to a 2ºC increase over pre-industrial levels.

Ahead of the launch of this green bond, BNP Paribas has defined a Green Bond Framework in line with the Green Bond Principles published by the International Capital Market Association.

The net proceeds of the issue of the Notes will be allocated to the financing and/or refinancing, of Eligible Green Assets in the following Eligible Sectors:

  • Renewable energies

  • Energy Efficiency

  • Mass and Public transportation

  • Water Management & Water Treatment

  • Recycling

Michel Konczaty, Deputy COO, BNP Paribas said:

“The launch of our inaugural green bond today amplifies our commitment to sustainability and to supporting projects which have a positive impact. We look forward to working together in continuing to deliver market based sustainable solutions which help us and our clients meet social and environmental challenges.”

BNP Paribas plays an active role in the development of the Green Bond market having lead-managed more than EUR 5.8 bn in Green Bonds to date, including over EUR 1 bn in equity-linked.

Press contacts

Alexandra Umpleby - alexandra.umpleby@uk.bnpparibas.com - +44 (0) 207 595 2436

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

BNP Paribas Fortis (www.bnpparibasfortis.be) offers the Belgian market a comprehensive range of financial services for private individuals, the self-employed, professionals, companies and public organisations. In the insurance sector, BNP Paribas Fortis works closely, as a tied agent, with Belgian market leader AG Insurance. At international level, the Bank also provides high-net-worth individuals, large corporations and public and financial institutions with customised solutions, for which it is able to draw on the know-how and international network of the BNP Paribas Group.

 

Leader in banking and financial services in Europe, BNP Paribas (www.bnpparibasfortis.be) operates in 64 countries and has nearly 178,000 employees, including more than 144,000 in Europe. The Group has key positions in its three main fields of activity: Commercial, Personal Banking & Services for the Group’s commercial & personal banking and several specialised businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, the Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, BNP Paribas has four domestic markets: Belgium, France, Italy and Luxembourg. The Group is rolling out its integrated commercial & personal banking model across several Mediterranean countries, Türkiye, and Eastern Europe. As a key player in international banking, the Group has leading platforms and business lines in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific. BNP Paribas has implemented a Corporate Social Responsibility approach in all its activities, enabling it to contribute to the construction of a sustainable future, while ensuring the Group's performance and stability.