France's state-owned railway Societe Nationale des Chemins de Fer Francais (SNCF) has issued a 100-year green bond designed to optimise the energy efficiency of its infrastructure. The near €100 million in book value raised would be used to finance green projects meeting its eligibility criteria for improvement, maintenance and "energy optimization" of railways. The bonds are intended for projects that will have an impact on climate change and reduce carbon dioxide emissions by at least 20 per cent compared with current levels.
France's state-owned railway Societe Nationale des Chemins de Fer Francais (SNCF) has issued a 100-year green bond designed to optimise the energy efficiency of its infrastructure. The bonds are intended for projects that will have an impact on climate change and reduce carbon dioxide emissions by at least 20 per cent compared with current levels.