EU's first green bond issuance raises $13.8 billion
ABC News
The European Commission says it has issued its inaugural green bonds, raising 12 billion euros ($13.8 billion) from a sale that attracted strong demand from investors
BRUSSELS -- The European Commission issued its inaugural green bonds Tuesday, raising 12 billion euros ($13.8 billion) from a sale that attracted strong demand from investors.
The EU's executive branch is planning to issue up to 250 billion euros in green bonds by the end of 2026 as part of its plans to finance the 27-nation bloc’s recovery from the coronavirus crisis.
The EU commission said the 15-year bond was more than 11 times oversubscribed, with books exceeding 135 billion euros.
Johannes Hahn, the commissioner in charge of budget and administration, said “this marks the largest green bond order book ever in global capital markets, and the largest green bond ever issued, not in Europe, but in the world."
