Crédit Mutuel Arkéa completed its second social bond
Following the success of its first social bond in October 2019, Arkéa completed a second bond issue with social impact on June 4, 2020. This €750 million fund-raising will contribute to the economic development of regions in a context of unprecedented health crisis, via the financing/refinancing of loans to SMEs and the health sector in particular.
Arkéa announces a €500 million bond issue to refinance projects in favor of social housing and the medico-social sector. Through the issue of its 1st social bond, Arkéa has raised funds to contribute to the economic development of the territories, in accordance with its vocation to support and finance the real economy.
Arkéa is one of the first European banking players in the social bond market. This type of bond is intended to refinance social projects.
A very favorable acceptance by the financial markets
On Thursday 26 September, when Arkéa issued its first social bond on the financial markets, investors were very interested: demand reached €1.3 billion in less than three hours. Asset managers and insurance companies, the main underwriters of this bond, have placed their trust in the Arkéa group.