Responsible loans raised to €910m, representing 20% of Gecina’s bank debt
Gecina has finalized three new responsible loan agreements with BNP Paribas, Natixis and Société Générale for a total of €660m, based on either new bank lines or the transformation of conventional bank lines into responsible credit lines.
Combined with the lines set up in 2018 with ING France and Crédit Agricole Corporate & Investment Bank, the volume of responsible loans is now €910m, representing more than 20% of the Group’s bank line portfolio.
The financial conditions for these loan agreements will be indexed against the Group’s corporate social responsibility (CSR) performance, once again illustrating its strong convictions in terms of CSR, positioning its societal and environmental concerns on an equal level with its financial goals. CSR performance is assessed based on changes in the key indicators used by Gecina, which highlights their relevance for financial firms and the quality of its approach.
“We are moving forward with our policy to continuously improve the Group’s financing structure and the integration of CSR within it. With €910m of credit facilities indexed against the Group’s sustainable development performance, more than ever we are linking our financial performance and our societal and environmental performance. We are giving ourselves the resources needed to have a global, integrated, long-term approach, benefiting all our stakeholders”, confirms Méka Brunel, Gecina’s Chief Executive Officer.
These responsible loan agreements are part of the renewal of €1.2bn of new bank credit lines, with an average maturity of nearly seven years, replacing various lines with short residual maturities (2019 and 2020). Since the start of 2019, Gecina has now raised more than €1.7bn, enabling its financial structure to benefit from flexibility and maturity.
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Paris, France, April 9, 2018
Executive Director Communications, Public Affairs and Brand