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ENGIE
ENGIE successfully issues its second Green Bond of 1,5 billion



March 20, 2017

To support its ambitious development strategy in renewable energies and energy efficiency, ENGIE issued its second Green Bond of 1,5 billion. The Group reaffirms its commitment and determination to play a leading role in the development of green finance.

A bond tender offer for a total amount of 700 million euros was launched simultaneously on 7 outstanding bonds and will be closed on March 23, 2017. These two transactions will enable the group to reduce the average cost of its debt while at the same time extend its duration.

The bond has two tranches: a 7-year tranche of 700 million with a 0.875% annual coupon, and a 11-year tranche of 800 million with a 1,5 % annual coupon. The average coupon amounts to 1.20 % for a 9.1 years average duration.

The proceeds of the bond will be used to finance renewable energy projects such as wind and solar farms, hydroelectric plants, energy efficiency projects and natural resources preservation projects.

To be eligible, projects financed must meet a number of environmental and social criteria in eight areas : fight against climate change and the conservation of the natural resources, environmental management, biodiversity, dialogue with stakeholders, business ethics, human rights, responsible procurement and health and safety. These criteria were developed by ENGIE, reviewed by Vigeo Eiris and are published on ENGIE website.

Bond issue proceeds will be allocated according to a specific traceability procedure that will be verified by an external audit firm. In the spirit of continuous improvement and contribution to best practices, the Group took on the occasion of this Green Bond as an opportunity to further commit on the reporting and the transparency of the allocation process.

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Find out more about 2017 ENGIE Green Bond

About ENGIE

ENGIE develops its businesses (power, natural gas, energy services) around a model based on responsible growth to take on the major challenges of energy's transition to a low-carbon economy: access to sustainable energy, climate-change mitigation and adaptation and the rational use of resources. The Group provides individuals, cities and businesses with highly efficient and innovative solutions largely based on its expertise in four key sectors: renewable energy, energy efficiency, liquefied natural gas and digital technology. ENGIE employs 153,090 people worldwide and achieved revenues of 66.6 billion in 2016. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main international indices: CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe, DJSI World, DJSI Europe and Euronext Vigeo (World 120, Eurozone 120, Europe 120 and France 20).

For more information:

Organization:
ENGIE
http://www.engie.com/en/


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