Bpifrance has successfully launched a new benchmark social bond of €1.5bn with a 2029 maturity. The bond offers a yield of 2.869% with a spread of +19 basis points above the reference OAT*. The issuance attracted strong demand, with a final order book exceeding €3.1bn.
This new social bond is a key part of Bpifrance's long-term strategy, which focuses on ecological and energy transition, supporting regional competitiveness, preserving and developing employment, and aiding the development of disadvantaged areas.
This transaction marks Bpifrance's first bond issue of 2025 and has reopened the market for French sovereign, supranational, and agency (SSA) bonds.
For more information, read the press release:
Crédit © Bpifrance
* French Fungible Treasury Bonds (Obligations Assimilables du Trésor)