An operation well received by the market
With a value of EUR 2 billion and a maturity of 8 years, this bond issue attracted strong interest from investors. The order book recorded a total amount of more than EUR 12 billion, demonstrating the strong demand and confidence placed in Unédic. The interest rate was set at 3.479%, representing a spread of 4 basis points compared to French Treasury Bonds (OAT), illustrating the solidity and competitiveness of the operation.
Funding to support the transition to sustainable employment
The funds raised by this Social Bond will be primarily allocated to financing schemes of support and aides for job seekers towards sustainable employment. This program is in line with Unédic's commitment to supporting professional integration and protecting French employees against the socio-economic risks of the labor market.
A Framework of issuance in accordance with the Social Bond Principles
This operation is part of Unédic's social bond issuance program, entitled "Protect and support sustainable employment," which complies with the Social Bond Principles of the ICMA (International Capital Market Association). These principles guarantee transparency and traceability in the use of the funds raised, thus enabling Unédic to fulfill its dual protection mission: protecting employees' rights in the face of economic vagaries and supporting their reintegration into sustainable employment.