Through its first "Social Bond " with a sharing coupon, Groupe BPCE reinforces its commitment as a financial player with a positive impact. It illustrates its ability to offer innovative financing solutions to support transitions towards a more sustainable and inclusive world.
This social bond has generated a collective surge of conviction in support of the Institut Robert-Debré du Cerveau de l’Enfant, a key player in research, care and innovation for the well-being of children and their families. This new form of financing makes it possible to support an initiative with a social vocation, while remaining within the return standards of an ESG (Environment, Social and Governance) bond for investors.
The Social Bond funds raised by BPCE - 400 million euros - will be used to finance ESG projects and assets in the healthcare sector. In addition, all stakeholders have aligned themselves with the principle of sharing to support the development of the Institut Robert-Debré du Cerveau de l’Enfant.
- Investors including Abeille Assurances, BNP Paribas Cardif, BPCE Assurances, Caisse des Dépôts, CNP Assurances and Groupe MAIF will pay Institut Robert-Debré du Cerveau de l’Enfant 0.05% of the amount issued, as and when due, i.e. a total of 2,000,000 euros over 10 years;
- BPCE will donate a total of 400,000 euros over 10 years;
- Natixis CIB contributed 390,000 euros to the issue.
By the end of the 10-year period, the Institut Robert-Debré du Cerveau de l’Enfant will have received a total of 2.79 million euros in donations.
Donations from BPCE and Natixis CIB will be used to invest in equipment for a laboratory exploring children's cognition, as well as in the "Jeunes Chercheurs et Chaires d'Excellence" attraction program. The investors, meanwhile, will finance medical equipment, notably for the Institut's biobank Robert-Debré du Cerveau de l’Enfant.