Brest, October 24, 2024 
Crédit Mutuel Arkéa has successfully finalized a green bond issue of 500 million euros in Senior Preferred format. Carried out on October 18, this operation aroused strong interest on the financial markets, with demand four times higher than the initial offer, bringing the order book to more than 2 billion euros.

The funds raised through this issue, with a maturity of 10 years, will be used to refinance eligible loans according to the criteria of the group's Green, Social & Sustainability Bond Framework. Concretely, a large part of these funds will be dedicated to the granting of loans to individuals by the Crédit Mutuel de Bretagne and Crédit Mutuel du Sud-Ouest federations, for the acquisition of housing meeting the best energy performance criteria.

More than ⅓ of French investors

This operation also made it possible to reduce the borrowing rate initially offered thanks to strong oversubscription and the expansion of the investor base. More than a third of investors are French, while the rest come from Germany, Austria, Switzerland, Benelux, the United Kingdom and Southern Europe.

ESG, a determining factor for investors

The green nature of this issue played a determining role in this success, making it possible to attract both traditional investors and sustainable investors sensitive to ESG criteria, as confirmed by Matthieu Baudson, Director of Financial Markets at Crédit Mutuel Arkéa: “ The success of this operation is of course due to the choice of timing and the format of the bond issued, but its green nature played a decisive role. We estimate that for nearly 75% of investors having subscribed to these new bonds, ESG considerations influenced their decision.”

The group intends to strengthen its role as a key player in sustainable finance 

The success of this issue illustrates the commitment of Crédit Mutuel Arkéa, as a company with a mission, to further support the ecological transition by financing projects with a positive environmental impact. 

Details relating to the environmental impacts (energy savings and avoided greenhouse gases) generated by this emission will be published in the next allocation and impact reporting, planned for 2025, in accordance with the transparency commitments made by the band.

To go further:

The allocation and impact report of green and social bonds (2024)