French multinational energy firm Engie has issued a €1bn ($1.2bn) hybrid green deeply subordinated perpetual bond. The bond's 4.625% coupon, one of the lowest from a corporate issuer, also comes with a 5.25 year non-call period. Its proceeds will be used to fund energy efficiency and renewable energy projects, as well as R&D, and schemes preserving natural resources.
French multinational energy firm Engie has issued a €1bn ($1.2bn) hybrid green deeply subordinated perpetual bond. The bond's 1.375% coupon, one of the lowest from a corporate issuer, also comes with a 5.25 year non-call period. Its proceeds will be used to fund energy efficiency and renewable energy projects, as well as R&D, and schemes preserving natural resources.