On April 25th, 2019, the Walloon Region issued an inaugural sustainable bond to finance its eligible expenses in the social and environmental fields. This inaugural issue raised an amount of EUR 1 000 million at very attractive financial conditions and was composed with one tranche of EUR 500 million with a 7-year maturity (2026) and one tranche of EUR 500 million with a 15-year maturity (2034).
On April 1st, 2020, the Walloon Region issued a second sustainable bond, which raised an amount of EUR 500 million with a 10-year maturity (2030). In addition to this transaction, the Region also increased the size of its 2034 bond by EUR 200 million, reaching a total of EUR 700 million on this maturity.
On May 28th, 2020, the Walloon Region issued an inaugural social bond, reaching an amount of EUR 1 000 million with a 20-year maturity (2040). With this issue, Wallonia anounced its intention to allocate a significant part of the funds raised to finance the exceptional expenses incurred in its fight against the health and socio-economic consequences of the Covid-19 pandemic.
Key details of operations to date
| Green / Social / Sustainability Bonds |
Sustainability 2026 (7-year) |
Sustainability 2034 (15-year) |
Sustainability 2030 (10-year) |
Sustainability 2034 (Tap) |
Social 2040 (20-year) |
| Bloomberg ticker | WALLOO 0 1/4 | WALLOO 1 1/4 | WALLOO 0 1/2 | WALLOO 1 1/4 | WALLOO 1.05 |
| Nominal amount | € 500 million | € 500 million | € 500 million | € 200 million | € 1 000 million |
| Transaction Date | 25th April 2019 | 25th April 2019 | 1st April 2020 | 1st April 2020 | 28th May 2020 |
| Maturity Date | 3rd May 2026 | 3rd May 2034 | 8th April 2030 | 3rd May 2034 | 22nd June 2040 |
| Coupon | 0.250% | 1.250% | 0.500% | 1.250% | 1.050% |
| Rate (all-in) | 0.382% | 1.265% | 0.540% | 0.797% | 1.118% |
| Spread versus OLO (all-in) | OLO + 32.3 bp | OLO + 37.6 bp | OLO + 47.0 bp | OLO + 50.0 bp | OLO + 56.4 bp |