Paprec secures €1 bn financing via 'green bond' issue and bank credit

摘要

The French recycling and waste management company Paprec announced in late March that it had secured €1 bn in new financing after placing a bond and obtaining a €200m bank credit facility. The €800m"green bond"issued on 15 March was heavily oversubscribed, with financial investors placing orders for €2bn, according to the company. Paprec said this demonstrated the "relevance of its business model" and the market's faith in the company's ability to continue growing in the coming years. The new financial resources would be utilised gradually, as needed, Paprec said.