Engie closes EUR-2.75bn green bond issuance

French energy major Engie SA (EPA:ENGI) has successfully closed the issuance of EUR 2.75 billion (USD 2.92bn) worth of green bonds in three tranches with an average coupon of 3.93%, it announced on Friday.

Engie said that the transaction was oversubscribed 2.4 times with total demand peaking well above EUR 9 billion across the three tranches. Details about each are available in the table below.

The French company did not provide information about the exact projects it plans to support with the proceeds from the bond issuance, only pointing out that they will be sustainable, socially-responsible and with a positive impact on the environment.

(EUR 1 = USD 1.060)

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