White & Case LLP has advised Icade on its inaugural green bond issue for an amount of €600 million, with a maturity of 10 years and an annual coupon of 1.50%, the proceeds of which will be affected to the financing and refinancing of "green" assets and projects (offices and tertiary parks).

The bonds will be admitted to trading on the regulated market of Euronext Paris.

The bonds were placed through an international private placement to institutional investors. Crédit Agricole CIB, Natixis, BNP Paribas, HSBC and Société Générale Corporate & Investment Banking were acting as joint bookrunners on this transaction.

As an investor and a developer, Icade is an integrated real estate player with a portfolio value of €9.9 billion as of 30 June 2017. Icade shares are admitted to trading on the regulated market of Euronext Paris.

The White & Case team in Paris that advised on the transaction was led by partners Thomas Le Vert and Cenzi Gargaro, with support from associates Boris Kreiss, Tatiana Uskova and Béatrice Constans.