Ministry of Defence French Pentagon €740 million PPP refinancing

PPP, Project bond issue, Refinancing

€ 740 million

$ 806 million




  • Opale Défense and the French Ministry of Defence (MoD) have finalised the €740 million refinancing of a PPP through the use of a project bond.
  • The transaction’s main purpose was to refinance the long-term debt of the “French Pentagon” project, located in the southern 15th arrondissement of Paris. The project is focused around the construction of a new headquarters for the Ministry of Defence.
  • HSBC used the Balzac securitisation mutual fund, which will directly receive the State’s payments.

Katrin Kostadinova - Data analyst


Read further analysis of this deal on

Continue reading...

New to IFLR1000?

Register today for FREE:

  • Understand market dynamics, with data broken by deal type and more
  • Access law firms and lawyers involved in deals
  • Gain unique insight into lawyers recent work

Sign in