White & Case advises SNCF on first Green Bond issue with charitable shared coupon

Global law firm White & Case LLP has advised SNCF, one of the world's leading providers of passenger transport and freight logistics services, on the issue of its first Green Bond with a shared coupon of 0.05% for the benefit of the Child Brain Robert-Debré Institute, supported by the Assistance Publique - Hôpitaux de Paris Foundation.

The issue, which has a nominal value of €300 million, is due July 2035 and bears interest at an annual rate of 3.386%, will be admitted to Euronext Paris and is the subject of an admissions prospectus approved by the French Financial Markets Authority (Autorité des Marchés Financiers).

The SNCF green bond combines its ESG objectives with a charitable financial return for investors, providing a complementary source of funding for non-profit organizations and companies involved in social or environmental protection.

Natixis Corporate & Investment Banking (Natixis CIB) structured and placed the transaction with a limited number of leading French institutional investors.

The White & Case team in Paris which advised on the transaction was led by partners Philippe Herbelin and Grégoire Karila and included associate Quentin Pipieri.

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