Before the pandemic, elite names were mostly missing from the pioneering ranks of sovereign ESG debt issuers. A year later, the menu of committed issuers is far broader and innovations are emerging
France was the only G7 nation to have issued green bonds prior to the onset of the coronavirus crisis, putting it among a mixed group that ranged from Egypt, Fiji, Hong Kong and Nigeria to a number of smaller EU states.
Now, however, much of the G7 has endorsed green bonds, with Germany’s €7.5bn debut in May 2020 the pivotal moment. Italy too has issued its first deal in the format, while both Canada and the UK are readying their entries into the market.
France set to issue to new 50-year bond in coming days Belgium, Spain, other possible candidates for 50-year issuance EMs skewed long-bond issuance towards ultra-longs in 2020 Don’t rule out 100-year Italy bond - analyst
LONDON, Jan 18 (Reuters) - More governments are selling bonds that mature in 30, 50 and even 100 years’ time, capitalising on rock-bottom borrowing costs and a willingness among investors to look past risks for the sake of slightly higher yields.
After Germany’s state of North Rhine Westphalia (NRW) raised 2 billion euros on Jan. 5 via a 100-year issue, France said on Monday it would soon sell a 50-year bond, its first new debt at that maturity since 2016.
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LONDON (Reuters) - More governments are selling bonds that mature in 30, 50 and even 100 years’ time, capitalising on rock-bottom borrowing costs and a willingness among investors to look past risks for the sake of slightly higher yields.
After Germany’s state of North Rhine Westphalia (NRW) raised 2 billion euros on Jan. 5 via a 100-year issue, France said on Monday it would soon sell a 50-year bond, its first new debt at that maturity since 2016.
A brisk start that has also seen Mexico and Indonesia sell 50-year bonds could mean issuance volumes approach levels seen in 2016, when euro zone governments sold a record 19 billion euros of bonds with maturities of 30 years and over.