La Française de l'Energie S.A. announced the issuance of a second green bond for the development of its low carbon energy portfolio in Europe. Following up on its successful bond issuance last year, the financing has been secured with its long-term financial partner, Edmond de Rothschild Asset Management (EDRAM), a leading energy and infrastructure investment manager. An additional sizeable financing to support FDE's development strategy: This green bond will fund the Group's existing energy portfolio as well as the strong pipeline of high value Liquefied BioGas (LBG) and Bio-CO2 projects currently being developed by its subsidiary Cryo Pur.
The financing amounts to EUR 20 million and is in addition to the EUR 40 million green bond issued in September 2021 with the EDRAM's Infrastructure Debt Platform, BRIDGE. The financing qualified as a Green Bond and the issuance has been assessed as compliant with the ICMA (International Capital Market Association) Green Bond Principles via the second-party opinion by EthiFinance, a renown independent expert. The bond has an attractive 7-year bullet tenor, thanks to FDE's track record in constructing and operating best-in-class assets, with high visibility on cash generation on the back of strong offtake contracts.
This robust business model allows the Group to secure attractive returns on the capital deployed on each production sit.