Last September, La Poste Group launched its first sustainability bond issue to finance its CSR projects. A successful operation was carried out with 130 French and international investors, raising a total of 1.2 billion euros.
As a company with a mission, La Poste Group strives to be exemplary in terms of CSR (Corporate Social Responsibility). An ambition included in the sustainable development section of the strategic plan “La Poste 2030, committed to you” paves the way for innovation and effective development.
To finance this component, La Poste launched its first “sustainable” bond issue in early September. Oversubscribed 2.4 times, the operation was a great success in France and internationally, with the participation of 130 investors, especially SRI (socially responsible investment). These made it possible to collect a total of €1.2 billion.
The amount is divided into two parts. First, there is a tranche of 600 million euros, with a 6-year maturity (September – 2028) and a coupon of 2.625% per annum. France is the leading participant with 38% share. Germany/Austria (25%), Benelux (11%), Southern Europe (8%), Switzerland (6%), United Kingdom/Ireland (6%) and other countries (6%) followed.
Although it has the same amount, the second tranche has a longer tenure (10 years – March 2033) and carries a coupon of 3.125% per annum. France still leads the share (44%), followed by Germany/Austria (35%), United Kingdom/Ireland (10%), Asia (6%), Benelux (2%), Switzerland (2%) and other countries (1%). .
“Funds raised through this activity will make it possible to finance or refinance assets and projects that fall within the four social and environmental objectives now included in La Poste’s statutes: contributing to regional development and cohesion, promoting social inclusion, and promoting ethical, inclusive and frugal digital. Technology and action to accelerate ecological transformation for all”, explains the French group.
According to La Poste Group’s “Sustainable Financial Framework”, eligible assets and projects fall into two main categories: “Green Category” (clean transport, renewable energy, green buildings, energy efficiency, circular economy) and Social Category” (access to essential services, youth and disabled professionals integration, job creation and development).
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