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Financial institutions complete benchmark €700 million Social Bonds by CFB

March 2023

Client(s) Financial institutions

Jones Day assisted the financial institutions in connection with the issuance of a benchmark €700 million 3.75% Social Bonds due 22 June 2033 (the “Bonds”) by CFB (Communauté française de Belgique), a federated entity of the Kingdom of Belgium, under its €10 billion EMTN Programme. The proceeds of the Bonds will be used to finance and refinance current and future eligible social expenditures which include, in line with the new CFB’ Social Finance Framework, access to essential services (education and social inclusion) as well as affordable basic infrastructures (sports and culture). The Bonds are listed on Euronext Brussels.

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