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. In an interview on Bloomberg TV in New York, Mr Macron said that he would not be able to pay for his campaign promises without raising taxes and cutting public spending.
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.