Saur raises €550 million through its first blue bond to finance sustainable water projects, becoming the first French company and European water utility to do so.
Saur, a leading water management company, has issued its first-ever blue bond, raising €550 million to finance sustainable water initiatives. This marks a significant milestone, as Saur becomes the first French corporation and European water utility to launch such a bond, aimed at promoting environmental sustainability within the water sector.
The proceeds from the blue bond will be allocated to projects focused on sustainable water management, including water production and distribution, wastewater treatment, and desalination efforts. These projects, selected under the company’s Green & Blue Financing Framework, prioritize minimizing environmental impact while preserving water resources.
Saur, headquartered in France, operates in 20 countries, providing essential services such as drinking water supply, wastewater purification, and water infrastructure development. Blue bonds, like their green bond counterparts, are designed to raise capital for environmentally focused projects. In this case, the emphasis is on safeguarding water resources, a growing priority amid global water scarcity concerns.
Patrick Blethon, Executive Chairman of Saur, emphasized the company’s leadership in sustainable water management, stating, “By becoming the first issuer of Blue Bonds in the water sector, Saur affirms its leadership and visionary commitment to more sustainable water resource management.”
The bond issuance was supported by major financial institutions, including BNP Paribas, Crédit Agricole, Morgan Stanley, Natixis, HSBC, and Société Générale.
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