SNCF SA GREEN BOND

Promoteur – Intermédiaire Financier

SOCIETE NATIONALE SNCF SA

Lieu

• France

Description

The operation will finance SNCF SA green investments in its green bond framework.

Objectifs

The operation consists in the purchase of hybrid and/or senior green bonds issued by SNCF, the proceeds of which will primarily finance new or existing electric railway infrastructure investments and electric rolling stock.

Secteur(s)

• Transports - Transports et entreposage

Montant BEI envisagé (montant approximatif)

EUR 300 million

Coût total (montant approximatif)

EUR 600 million

Aspects environnementaux

Some of the projects underlying the operation might fall under Annex II of the Environmental Impact Assessment (EIA) Directive 2014/52/EU, amending 2011/92/EU, requiring the competent authorities to determine whether an EIA is required. The EIB will assess the capacity of thepPromoter to ensure the projects compliance with the sector relevant national and European environmental and biodiversity regulations based mostly on publicly available information. Environmental and social due diligence will focus on the capacity of the promoter to identify, assess, manage and monitor environmental, climate and social impacts and risks, and to ensure that underlying schemes comply with national and EU legislation. Due to the nature of capital market transactions, if this due diligence can only be based on publicly available information, and it is not possible to ensure compliance with EIB Environmental and Social Standards, the EIB will request the Board to derogate to those standards.

Passation des marchés

The EIB will require the promoter to ensure that contracts for implementation of the project have been tendered in accordance with the applicable EU procurement legislation, Directive 2014/23/EU / 2014/24/EU / 2014/25/EU as well as Directive 92/13/EEC or Directive 89/665/EEC] as interpreted by the Court of Justice of the EU, with publication of tender notices in the EU Official Journal, as and where required.

Statut

Approuvé - 4/09/2023