SPIE Issues €600 Million in Sustainable Bonds at 3.875% Over 5 Years
SPIE announced on Wednesday the successful placement of a €600 million sustainability-linked bond issue with a 5-year maturity and a 3.875% coupon rate. This operation aligns with the group's strategy to optimize its debt structure by placing its environmental commitments at the core of its financial policy.
A New Maturity in 2031 to Enhance Financial Flexibility
This sustainable bond issue represents a new debt instrument contributing to the extension of the group's gross debt and maintaining a balanced maturity schedule, with a new due date set in 2031. The funds raised will be allocated to the general needs of the group to support its development, particularly for the self-financing of bolt-on operations, in line with SPIE's disciplined financial policy, while ensuring a sustainably high level of liquidity. The operation was significantly oversubscribed, demonstrating strong demand from institutional investors and their confidence in SPIE's credit quality, rated BBB- by Fitch Ratings and BB+ by S&P Global Ratings Europe Limited.
100% of the Group's Debt Indexed on Environmental Criteria
With this new issuance of a sustainability-linked bond, SPIE reaffirms its ability to combine economic performance and environmental responsibility. All of the group's debt is now indexed on environmental criteria. The operation was led by BNP Paribas, Crédit Agricole CIB, Natixis, and Société Générale (acting as global coordinators), alongside Crédit Industriel et Commercial S.A., Commerzbank, HSBC, ING, J.P. Morgan, and Morgan Stanley.
