Crédit Agricole CIB recently acted as sole green structuring agent on Pacific Life’s inaugural EUR 600 million green bond. The offering has garnered interest from global investors.
As provided in Pacific Life’s Sustainable Bond Framework, an amount equal to the net proceeds from the sale of the green bonds will be allocated to fund green investments including renewable energy and green buildings.
“This green bond issuance reflects Pacific Life’s ongoing efforts to meet the evolving needs of the global capital markets and offer diversified investment opportunities to our stakeholders,” Joe Krum, head of the global institutional investment group at Pacific Life, said. “Responsible investing is a key component of our broader investment strategy, and this transaction supports our goal of delivering long-term value through a well-balanced investment approach. We view green bonds as a natural extension of our capabilities and a way to broaden our presence in the market while aligning with investor demand.”
“We are honored to have played a role in Pacific Life’s return to the sustainable finance market with an inaugural EUR Green Bond,” Romina Reversi, head of sustainable investment banking for the Americas at Crédit Agricole CIB, said. “The transaction underscores Pacific Life’s impressive thought leadership and dedication to continual investment in green activities. We hope the success of the transaction will inspire other U.S. issuers to come to market in labelled format.”
