As part of the financing programme decided by the Board of Directors on January 29, Unédic issued a new Social Bond on April 23rd with a value of €2bn and a maturity of 10-year, under favourable conditions following a period of significant market volatility.
The interest rate was set at 3.307%, representing a spread of 9 basis points compared to French Treasury Bonds (OAT) issued by the French State, confirming the confidence placed in Unédic by the markets.
This Social Bond issuance will primarily be dedicated to financing schemes of protection and support for jobseekers towards sustainable employment.
Unédic’s Social Bond framework, entitled "Protect and support sustainable employment," complies with the Social Bond Principles of the ICMA (International Capital Market Association). It also guarantees transparency and traceability in the use of the funds raised to fulfil its dual protection mission: protecting French employees against socio-economic risks in the labour market and supporting their reintegration into sustainable employment.
This Social Bond issuance benefits from the explicit guarantee of the French State.
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