Gide advised the banks in connection with Argan’s inaugural issue of green bonds for an amount of €500 million

Gide advised the bank syndicate composed of J.P. Morgan, Crédit Agricole CIB, BNP PARIBAS and Société Générale Corporate & Investment Banking in connection with the inaugural issue of green bonds by Argan for an aggregate principal amount of €500 million with a 3.779% fixed coupon.

The proceeds of this inaugural green bond issue will notably be used to refinance Argan’s bonds issued in 2021, in accordance with the Green Financing Framework published for the purpose of the transaction.

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

Gide’s team was led by partner Laurent Vincent, assisted by counsel Aude-Laurène Dourdain and associate Marie des Neiges Paupe.