Icade SA’s EUR500 Million Green Bonds Offer

Allen & Overy advised the joint lead managers connection with the new issue of Green Bonds by Icade SA.

Natixis as Sole Green Structuring Advisor, BofA Securities, CIC Market Solutions, HSBC and La Banque Postale acted as joint lead managers in connection with the new issue of Green Bonds by Icade SA, for an amount of EUR500 million with an 8-year maturity and an annual coupon of 1.00%.

The net proceeds of this issue will be allocated to the financing or refinancing of environmentally virtuous assets or projects, respecting the eligibility criteria detailed in the Company’s Green Bond Framework. This new transaction will enable Icade SA to lower the average cost of its debt and extend its maturity, and to accelerate its sustainable financing policy.

Icade SA is a multinational real estate investment trust that is headquartered in Issy-les-Moulineaux, Paris, France and is a subsidiary of Caisse des dépôts et consignations. 

The Allen & Overy team was composed of Julien Sébastien (Picture – Partner, International Capital Markets), Quentin Herry (Senior Associate, International Capital Markets) et Emilie Ferré (Associate, International Capital Markets).

Involved fees earner: Emilie Ferré – Allen & Overy; Quentin Herry – Allen & Overy; Julien Sébastien – Allen & Overy;

Law Firms: Allen & Overy;

Clients: Bank of America Securities; CIC Market Solutions; HSBC; La Banque Postale; Natixis;

Giulia Di Palma

Author: Giulia Di Palma