ENGIE issues for EUR 2 billion of bonds, of which EUR 1.25 billion in Green Bond

September 20, 2017

To support its ambitious development strategy in renewable energies and energy efficiency, ENGIE issued yesterday its third Green Bond for a total of €1.25 billion. With this transaction, the total amount of bonds issued by ENGIE in Green Bond format since 2014 reaches €5.25bn, confirming the Group’s commitment to play a leading role in the energy transition whilst supporting the development of the green finance.

The proceeds of this bond will be used to finance the Group’s growth in renewable energy or energy efficiency projects, and in natural resources preservation projects, as well as R&D investments in such areas and equity participations in projects of the social impact ENGIE fund “Rassembleurs d’Energies”.

 

As reminder, the method and criteria pertaining to the funds allocation process are defined in a “Framework” designed for the green bond issuances of the Group and available on the website of the issuer. The issue was made with the support of an unqualified Second Party Opinion delivered by Vigeo Eiris agency and published on ENGIE website.

 

The Green Bond comes with two tranches: a long 5-year and 5-month totaling €500 million with a 0.375% annual coupon, and a long 11-year and 5-month of €750 million with a 1.375% annual coupon.

 

In addition, a third tranche of €750 million, 20-year maturity and a coupon of 2% was issued, for general purpose.

 

With an average duration of 13.1 years and an average coupon of 1.36%, the Group takes advantage of the currently favorable rate environment to lengthen the duration of its debt at very attractive conditions.

ENGIE is committed to taking on the major challenges of the energy revolution, towards a world more decarbonised, decentralised and digitalised.

The Group aims to become the leader of this new energy world by focusing on three key activities for the future: low carbon generation in particular from natural gas and renewable energy, energy infrastructure and efficient solutions adapted to all its customers (individuals, businesses, territories, etc.). Innovation, digital solutions and customer satisfaction are the guiding principles of ENGIE’s development.

ENGIE is active in around 70 countries, employs 150,000 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 financial indices (CAC 40, BEL 20, DJ Euro Stoxx 50, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe and Euronext Vigeo Eiris – World 120, Eurozone 120, Europe 120, France 20, CAC 40 Governance). 

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