Supporting Vicotria Power Network’s first Green Bonds
Victoria Power Networks has taken an important step in its sustainability journey with the successful issuance of its inaugural AUD 750 million 6.5-year Green Bond, marking the first transaction of any kind to align with the Technical Screening Criteria of the Australian Sustainable Finance Taxonomy and European Union Taxonomy for a Substantial Contribution to Climate Change Mitigation.
Underpinned by Victoria Power Network’s Green Finance Framework, proceeds will be used to support Victoria Power Network’s vision to deliver affordable, reliable, and safe electricity by financing low voltage network infrastructure, operational technology systems and smart meters.
The A$750m dual-tranche transaction in 6.5-year fixed and floating rate formats attracted strong demand from fixed income investors, generating an orderbook exceeding A$2.45bn.
We are proud to have supported this milestone transaction as Joint Bookrunner and Joint Green Structuring Adviser, our first local corporate AUD benchmark mandate in Australia under our sustainable finance platform.
We look forward to supporting further opportunities that contribute to Australia’s energy transition and sustainable growth.
Crédit Agricole CIB is proud to act as Joint Green Structuring Advisor for Victoria Power Networks’ inaugural AUD green bond, the first issuance by an Australian Entity to be aligned with the Technical Screening Criteria of the Australian Sustainable Finance Taxonomy and EU Taxonomy for a Substantial Contribution to Climate Change Mitigation. This landmark transaction also highlights our ability to deliver innovative sustainable financing solutions and contribute to Australia’s energy transition.
Roy Chan
Director, Sustainable Investment Banking, Southeast Asia, India & Australia
This is Crédit Agricole CIB’s first ever AUD benchmark from a domestic corporate issuer and the first AUD-denominated Green Bond. Worthwhile noting the increasing Asian investor demand complementing the strong local bid. Likewise pleased to see the support from green funds across the region for this inaugural AU and EU Taxonomy aligned bond.
Daniel Dela Cruz
Head of DCM Australia & New Zealand
FindThe latest related news
- Market trendsArticle20/10/2025
Expert Interview: Indonesian Nickel - Powering the Energy Transition
- Client successesArticle14/10/2025
Crédit Agricole CIB supports LG’s electric vehicle materials production in the United States
- Awards & RankingsArticle19/09/2025
GlobalCapital Covered Bond Awards 2025: our Bank recognised with two major accolades!
