Societe Generale acted as bookrunner for Ford's green bond to finance clean transportation projects

Societe Generale acted as an Active Bookrunner for a new $1.75bn 10-year green bond transaction for Ford Motor Company, priced Tuesday, August 16th.

NEW YORK, Aug. 24, 2022 /PRNewswire/ -- Ford Motor Company was met with well-received sponsorship from both the investment grade and high yield investor community, garnering a $5bn final orderbook (2.9x oversubscription) at a final landing level of 6.1%. This was the first high-yield green bond transaction in the market since June 1.

This transaction marks the second green bond offering by Ford, following its $2.5bn inaugural green bond offering in November 2021. The use of proceeds is expected to be allocated by 2023 to exclusively finance clean transportation projects, particularly its battery electric vehicle portfolio.

The transaction references Ford and Ford Credit's Sustainable Financing Framework published in November 2021. In addition to clean transportation, other green categories eligible in this framework include renewable energy, sustainable water and wastewater management, and circular economy. Although no social-labelled transaction has been issued to date, the framework also includes eligible social spend to advance economic employment and access to essential services for disadvantaged communities. Ford and Ford Credit's Sustainable Financing Framework received a favorable Second Party Opinion from Vigeo-Eiris, receiving the highest assessment possible of "Advanced".

Societe Generale has acted as Active Bookrunner and structuring advisor for highly visible inaugural green, social and sustainability transactions for key clients in all asset classes, across the globe, highlighting the bank's strong advisory capabilities in the Sustainable and Positive Impact finance field.

Societe Generale is one of the leading European financial services groups. Based on a diversified and integrated banking model, the Group combines financial strength and proven expertise in innovation with a strategy of sustainable growth. Committed to the positive transformations of the world's societies and economies, Societe Generale and its teams seek to build, day after day, together with its clients, a better and sustainable future through responsible and innovative financial solutions.

Active in the real economy for over 150 years, with a solid position in Europe and connected to the rest of the world, Societe Generale has over 117,000 members of staff in 66 countries and supports on a daily basis 25 million individual clients, businesses and institutional investors around the world by offering a wide range of advisory services and tailored financial solutions. The Group is built on three complementary core businesses:

• French Retail Banking which encompasses the Societe Generale, Credit du Nord and Boursorama brands. Each offers a full range of financial services with omnichannel products at the cutting edge of digital innovation;
• International Retail Banking, Insurance and Financial Services, with networks in Africa, Central and Eastern Europe and specialised businesses that are leaders in their markets;
• Global Banking and Investor Solutions, which offers recognised expertise, key international locations and integrated solutions.

Societe Generale is included in the principal socially responsible investment indices: DJSI (Europe), FTSE4Good (Global and Europe), Bloomberg Gender-Equality Index, Refinitiv Diversity and Inclusion Index, Euronext Vigeo (Europe and Eurozone), STOXX Global ESG Leaders indexes, and the MSCI Low Carbon Leaders Index (World and Europe).
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SOURCE Societe Generale