Groupama successfully placed its first subordinated green bonds for a principal amount of €500m.
The bonds have been issued under Groupama Group's newly established Green Bond Framework, and the net proceeds of the Notes will be exclusively used to finance or re-finance green buildings,renewable energy, clean transportation, environmentally sustainable management of living natural resources and land use, and energy efficiency.
Groupama deputy CEO Cyril Roux said: "Our aim is to contribute to a growing market of green bonds and stimulate the market for sustainable investments and financing. This issuance illustrates our ongoing contributions to the transition to a lower-carbon economy."