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.
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. SNCF, which has already raised €2.8bn ($3.1bn) in green bonds so far this year, said the 100-year product is designed to raise almost €100m in book value.