First Green Bond of Caisse des Dépôts: CMS Bureau Francis Lefebvre advisor to Caisse des Dépôts

CMS Bureau Francis Lefebvre advised the Caisse des Dépôts on the successful issue of its first Green Bond with a volume of €500,000,000. This Green Bond issue has been certified by Vigeo Eiris.

The use of proceeds raised with this transaction will finance three fundamental sectors: real estate (new construction or heavy rehabilitation), renewable energy and land remediation, in accordance with the Green Bond Framework available on the Caisse des Dépôts' website. Investments in the eligible assets will be audited by a statutory auditor, who will verify the asset's compliance with the eligibility criteria.

BNP Paribas, Crédit Agricole Corporate and Investment Bank, HSBC France, J.P. Morgan Securities plc, Natixis and Société Générale acted as joint lead managers. The bonds, with a maturity of five years and a volume of €500,000,000, bear interest at the rate of 0.200% per annum. They received an Aa2 rating from Moody's France S.A.S. and AA from Standard & Poor's Credit Market Rating Services France S.A.S and have been listed on the regulated market of Euronext Paris since 1 March 2017.

The team of CMS Bureau Francis Lefebvre comprised Marc-Etienne Sébire, Partner, and Charles Tissier, Associate (capital market) and François Tenailleau, Partner, and Kawthar Ben Khelil, Associate (public law).

Allen & Overy LLP advised the joint lead managers: Hervé Ekué, Partner, Soline Louvigny and Joseph Fédou, Associates.