EU's first green bond issuance raises USD 13.8 billion
The Hindu
The EU's executive branch is planning to issue up to 250 billion euros in green bonds by the end of 2026
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.
More Related News
EU and Israel in war of words as ties nosedive ahead of Spain, Ireland recognizing Palestinian state
EU-Israel relations strained over Palestinian state recognition, with threats of sanctions and ICC involvement in conflict.