Crédit Agricole CIB launches a new Green Investment Solution for Crédit Agricole Italia’s clients in Italy
Crédit Agricole CIB launches the “Capital Protected Impact Green Certificates”, its new Green investment solution for Crédit Agricole Italia’s clients in Italy.
This initiative is part of Crédit Agricole Group’s long term commitment to sustainable development and attention to Environmental, Social and Governance issues.
The funds raised by Crédit Agricole CIB via the issue of Green Certificates are used to support Crédit Agricole CIB’s portfolio of green loans, comprising loans to businesses and projects that demonstrate superior Environmental, Social and Governance (ESG) performance.
Businesses and projects eligible for the green portfolio are exclusively dedicated to the transition towards a more environmentally friendly economy and act as a role model in terms of performance within their field. The eligible sectors include renewable energies, energy efficiency, water and waste management, public transportation and others.
The Certificates are indexed to the performance of the MSCI Europe Green Select 50 5% Decrement Index. This is a "Green" Index created by MSCI and licenced to Crédit Agricole CIB. This Index is composed of the 50 largest European companies - selected by MSCI through a rigorous assessment process - that offer products and services with the greatest impact on the environment. The key themes considered are: alternative energy, sustainable water, "Green" building, pollution prevention and energy efficiency.
The Certificates (ISIN XS1784703610) issued by Crédit Agricole CIB (Ratings S&P: A+; Moody's: Aa3; Fitch: AA-), are denominated in EUR and have a maturity of 5 years. The Certificates pay annual conditional coupons equal to 0.40% for the first 4 years if the Index doesn’t lose more than 50% from its initial level and, upon maturity, they redeem the capital invested increased/decreased by the positive/negative performance of the MSCI Europe Green Select 50 5% Decrement Index calculated starting from the issue date. The minimum redemption amount is 85% of the capital invested.
The Capital Protected Impact Green Certificates will be available from 15th February until 12th March exclusively for the clients of Crédit Agricole Italia (CA Italia, CA Friuladria).
A request will be made for admission to trading on the electronic platform managed by EuroTLX Spa.
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