Distributed Energy Resources, Commercial, Finance, Sourcing Renewables  -  February 3, 2025

Île-de-France Mobilités Issues EUR 1 Billion Green Bond

Île-de-France Mobilités (IDFM), a public sector organization, issued a EUR 1bn European Green Bond.

IDFM launched a EUR 1bn 20-year EuGB transaction, the issuance of which marks another milestone in its green financing journey and reaffirms its commitment to high-quality sustainable financing, according to a statement. 

This deal highlights the long partnership between Île-de-France Mobilités and Crédit Agricole CIB, which was mandated as green co-structuring agent and joint lead manager.

An amount corresponding to 100% of the proceeds will be used to finance or refinance EU taxonomy-aligned assets and expenditures that contribute to the EU environmental objective of climate change mitigation. 

The proceeds can be used for the following activities: the renovation and renewal of urban, suburban and road passenger transport with zero direct CO2 emissions such as electric bus or aerial cableways; the renovation and renewal of public electric rail transport rolling stock with zero direct (tailpipe) CO2 emissions, including train, metro, tram train, and tramway; the renovation and renewal of infrastructure enabling low-carbon public transport; and improving the quality of service for mobility for the transports in the Région Île-de-France.

IDFM is the organizing authority for mobility (Autorité Organisatrice des Mobilités) in the Île-de-France region and is responsible for developing public passenger transport services throughout the region.  The central strategy of Île-de-France Mobilités is to develop a wide range of low-carbon public transport services in order to contribute to the overarching objective set out in the regional mobility plan to reduce GHG emissions from transport in the region by 25-30% by 2030 compared to 2019.