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Crédit Agricole S.A. successfully completed today its first Green Bond with a benchmark issue of €1 billion. The issue is a 5 year Senior Preferred bond. Structured by Crédit Agricole CIB, this issue met a lot of interest from investors, as reflected by the depth and quality of the order book. In geographical terms, the bulk of interest came from France, Germany, the United Kingdom and the Netherlands. The proceeds will be used to fund in all our territories energy and ecological transition projects of Crédit Agricole's financing entities: the Crédit Agricole Regional Banks, Crédit Agricole CIB, LCL and UNIFERGIE.
Two years after the Paris Agreement on climate change, the Group has decided to extend and clarify the commitments it made in 2015 by increasing green financing, including climate issues in risk assessments, excluding hydrocarbons that cause the most damage to the environment and offsetting its entire direct carbon footprint.
