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This is Uruguay’s inaugural Sustainability-Linked Bond, the second-ever from a sovereign issuer and the first-ever featuring the possibility of either a coupon step-up or step-down.

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The Republic of Uruguay obtains a Sustainability-Linked Bond

https://www.ca-cib.com/news/republic-uruguay-obtains-sustainability-linked-bond

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Proceeds will be used for general purposes of the government. The coupon adjustment is based upon Uruguay’s compliance with preset Sustainability Performance Targets tied to two Key Performance Indicators outlined in Uruguay’s Sovereign Sustainability-Linked Bond Framework:Greenhouse Gas emissions intensity as a share of GDPMaintenance of native forest areaOur Bank is the only one globally mandated as a Sustainability Structuring Bank and Joint Bookrunner for the two Sovereign sustainability-linked bonds.We are very proud of it, for it represents a continuation of our leadership in the ESG capital markets field.Click here to read the press release.   
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The Republic of Uruguay obtains a Sustainability-Linked Bond | Crédit Agricole CIB

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<body>Proceeds will be used for general purposes of the government. The coupon adjustment is based upon Uruguay’s compliance with preset Sustainability Performance Targets tied to two Key Performance Indicators outlined in Uruguay’s Sovereign Sustainability-Linked Bond Framework:<ol><li>Greenhouse Gas emissions intensity as a share of GDP</li><li>Maintenance of native forest area</li></ol>Our Bank is the only one globally mandated as a Sustainability Structuring Bank and Joint Bookrunner for the two Sovereign sustainability-linked bonds.We are very proud of it, for it represents a continuation of our leadership in the ESG capital markets field.<a @class="link-pdf" @href="http://deuda.mef.gub.uy/innovaportal/file/30759/3/press-release-sslb-usd-2034.pdf ">Click here to read the press release.</a>  <img @alt="Picture and quote about Romina Reversi, Head of Sustainability Investment Banking Americas" @src="https://www.ca-cib.com/sites/default/files/inline-images/Quote%20Romina%201000%20529_1.jpg"></img> </body>

<body>This is Uruguay’s inaugural Sustainability-Linked Bond, the second-ever from a sovereign issuer and the first-ever featuring the possibility of either a coupon step-up or step-down.</body>

Green finance

Americas

<body>Proceeds will be used for general purposes of the government. The coupon adjustment is based upon Uruguay’s compliance with preset Sustainability Performance Targets tied to two Key Performance Indicators outlined in Uruguay’s Sovereign Sustainability-Linked Bond Framework:<ol><li>Greenhouse Gas emissions intensity as a share of GDP</li><li>Maintenance of native forest area</li></ol>Our Bank is the only one globally mandated as a Sustainability Structuring Bank and Joint Bookrunner for the two Sovereign sustainability-linked bonds.We are very proud of it, for it represents a continuation of our leadership in the ESG capital markets field.<a class="link-pdf" href="http://deuda.mef.gub.uy/innovaportal/file/30759/3/press-release-sslb-usd-2034.pdf ">Click here to read the press release.</a>  <img alt="Picture and quote about Romina Reversi, Head of Sustainability Investment Banking Americas" src="https://www.ca-cib.com/sites/default/files/inline-images/Quote%20Romina%201000%20529_1.jpg"></img> </body>

<body><figure @class="image"><img @height="418" @src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" @style="aspect-ratio:744/418;" @width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a @href="Quote1">quote1</a></body>

<body>The Euromoney Awards for Excellence recognises the achievements of banks and bankers worldwide, and is the most comprehensive awards programme in the banking industry.</body>

Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence

<body><figure class="image"><img height="418" src="https://ca-cib.celum.cloud/Untitled design (5)_35554_CDN_images.jpg" style="aspect-ratio:744/418;" width="744"></img></figure>In a hotly contested field, the Crédit Agricole Group has been named Best Bank for Sustainable Finance in Western Europe in Euromoney’s Awards for Excellence.<a href="Quote1">quote1</a></body>

<body><a @href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a @href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a @href="Quote1">Quote1</a><a @class="link-pdf" @href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>On July 12th, 2024, Crédit Agricole CIB has issued its inaugural JPY 3 billion Sustainability-Linked Loan financing Bond (SLLB) using its Sustainability-Linked Loan financing Bond Framework. The transaction has been achieved with Sumitomo Life Insurance Company.</body>

Crédit Agricole CIB issues inaugural Sustainability-Linked Loan financing Bond utilising innovative Sustainability-Linked Loan financing Bond Framework

<body><a href="https://www.ca-cib.com/en/social-responsibility-sustainable-finance/our-sustainable-financing-policies/credit-agricole-group">This framework</a> will be further used to finance and refinance a portfolio of Sustainability-Linked Loans (SLLs) in line with the Sustainability Linked Loan Principles.<subtitle-block>The Framework promotes SLL best market practices by fully disclosing eligibility criteria</subtitle-block>Leveraging its leading position in sustainable finance and global expertise in structuring SLL* , Crédit Agricole CIB has developed its framework to foster best-in-class practices ensuring transparency in the evaluation and selection process of eligible SLLs. It is the first framework of the market which includes a pioneering and innovative “ESG Performance Index” listing all sectoral Key Performance Indicators (KPIs) and related Sustainable Performance Targets (SPTs) used by eligible SLLs. *Source Refinitiv (2023): 1# agent in volume (Global, USDm) ; 1# agent in number of deals (Global) ; 2# lender in volume (Global, USDm) ; 1# lender in number of deal (Global)<subtitle-block>Investors can support companies that demonstrate strong climate commitments and effectively address ESG issues</subtitle-block>Crédit Agricole CIB SLLB framework offers a unique opportunity for investors to support companies with ambitious climate commitments, aligned with a 1.5°C or well below 2°C trajectory and complemented by KPIs that address the most meaningful ESG issues.<subtitle-block>The Framework is supported by an external review and leverages Crédit Agricole CIB’s input on market guidelines</subtitle-block>Crédit Agricole CIB has commissioned ISS-Corporate to review the framework’s alignment with best market practices, as well as to assess the materiality and ambition of selected eligible KPIs and SPTs. ISS also evaluated the transactions’ eligibility criteria against Crédit Agricole CIB’s overall ESG profile and strategy.Crédit Agricole CIB was also one of the coordinators of the ICMA joint-taskforce which led to the publication of the first <a href="https://www.icmagroup.org/sustainable-finance/the-principles-guidelines-and-handbooks/sustainability-linked-loans-financing-bonds-guidelines-sllbg/">ICMA Sustainability-Linked Loan Bond Guidelines</a> in June 2024.  <a href="Quote1">Quote1</a><a class="link-pdf" href="https://www.ca-cib.com/sites/default/files/2024-07/2024%2007%2017_Cr%C3%A9dit_Agricole_CIB_SLLB_VEN.pdf">Click here to read the full press release </a></body>

<body>The recent closing of the ca. EUR 100 mln mortgage financing of a portfolio of three trophy historical properties enjoying prime locations in the very heart of Rome historical center, with Coima SGR acting as fund and asset manager.The assets have a predominant office use and are currently occupied by some of Italy's most prestigious central public institutions. Palazzo Verospi and Galleria Sciarra, which house the offices of the Presidency of the Council of Ministers - the administrative structure that assists the Italian Prime Minister - and the Italian National Anti-Corruption Authority (Autorità Nazionale Anti Corruzione). The third building is Palazzo Monte, which houses the Council of State.The assets are historical buildings with high artistic value, nevertheless the borrower has a plan to improve the sustainability performance of the portfolio over the coming years also deploying an ESG capex plan, partly financed by a capex line included in the newly granted financing, which was as such structured as a Sustainability Linked Loan in line with LMA principles.The project reaffirms the continuous commitment of all parties involved to the fight against climate change, working for the modernisation of the Italian real estate stock while preserving its historical and artistic heritage.<subtitle-block>About COIMA SGR </subtitle-block>Part of the COIMA Group, COIMA SGR is a leader in the investment, development and management of real estate assets on behalf of institutional investors, their mission is to create long term value for investors and the communities in which it operates, focusing on property fundamentals, superior execution, constant risk management and by adopting investment policies that meet environmental and social sustainability criteria.  <primary-button><a @href="https://coimasgr.com/en/media/press-releases/coima-acquires-a-portfolio-of-prestigious-properties-in-rome">Read more</a></primary-button></body>

<body>Crédit Agricole CIB acted as Mandated Lead Arranger, Lender, Agent and Hedging Bank as well as Sustainability Coordinator, further demonstrating its expertise and ambition to support its clients in their ESG commitments.</body>

Crédit Agricole CIB supports its client in the acquisition of historical and prestigious properties in Rome

Client successes

<body>The recent closing of the ca. EUR 100 mln mortgage financing of a portfolio of three trophy historical properties enjoying prime locations in the very heart of Rome historical center, with Coima SGR acting as fund and asset manager.The assets have a predominant office use and are currently occupied by some of Italy's most prestigious central public institutions. Palazzo Verospi and Galleria Sciarra, which house the offices of the Presidency of the Council of Ministers - the administrative structure that assists the Italian Prime Minister - and the Italian National Anti-Corruption Authority (Autorità Nazionale Anti Corruzione). The third building is Palazzo Monte, which houses the Council of State.The assets are historical buildings with high artistic value, nevertheless the borrower has a plan to improve the sustainability performance of the portfolio over the coming years also deploying an ESG capex plan, partly financed by a capex line included in the newly granted financing, which was as such structured as a Sustainability Linked Loan in line with LMA principles.The project reaffirms the continuous commitment of all parties involved to the fight against climate change, working for the modernisation of the Italian real estate stock while preserving its historical and artistic heritage.<subtitle-block>About COIMA SGR </subtitle-block>Part of the COIMA Group, COIMA SGR is a leader in the investment, development and management of real estate assets on behalf of institutional investors, their mission is to create long term value for investors and the communities in which it operates, focusing on property fundamentals, superior execution, constant risk management and by adopting investment policies that meet environmental and social sustainability criteria.  <primary-button><a href="https://coimasgr.com/en/media/press-releases/coima-acquires-a-portfolio-of-prestigious-properties-in-rome">Read more</a></primary-button></body>

The Republic of Uruguay obtains a Sustainability-Linked Bond

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Crédit Agricole CIB issues inaugural Sustainability-Linked Loan financing Bond utilising innovative Sustainability-Linked Loan financing Bond Framework

Crédit Agricole CIB supports its client in the acquisition of historical and prestigious properties in Rome