France's Financial Markets Authority (AMF) approved the prospectus for Île-de-France Mobilités to admit European green bonds using the “EuGB” label to trading on Euronext Paris, described as the first EuGB-format admission prospectus in France and one of the first in Europe. The issuance is positioned as meeting the new EU rules that require proceeds to be allocated to sustainable activities and that impose enhanced transparency. The EuGB option has been available since 21 December 2024 and is intended to provide investors with more transparency on use of proceeds than a traditional green bond. Under the EU EuGB regulation, proceeds must be allocated to activities pursuing environmental sustainability objectives as defined by the EU Taxonomy, with expanded disclosure requirements before and after issuance, including detailed documentation on financed assets, an annual allocation report, pre-issuance attestation by an external reviewer, and post-issuance reviews covering allocation and environmental impact reporting. The AMF highlighted that it has recently published an explainer setting out issuer obligations under the new framework and will continue to support issuers in implementing the standard.
France Autorite des marches financiers 2025-01-31
France's Financial Markets Authority approves the first EuGB European green bond prospectus for listing on Euronext Paris
France's Financial Markets Authority (AMF) approved Île-de-France Mobilités' prospectus to admit European green bonds (EuGB) to trading on Euronext Paris, marking France's first EuGB-format admission prospectus. The issuance complies with new EU rules requiring proceeds for sustainable activities with enhanced transparency. The AMF published guidance on issuer obligations under the new framework and will support issuers in implementing the standard.