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France Extends Green Bond Lead With $8 Billion Sale of New Debt
This content was published on March 16, 2021 - 16:34
March 16, 2021 - 16:34
(Bloomberg) France amassed its biggest-ever green bond orderbook in its second sale of new debt, extending a pole position in the market to finance environmental projects.
The nation raised 7 billion euros ($8.3 billion) from the securities maturing in 2044. Investors bid over 34.5 billion euros, about 50% more than for its first such offering in 2017, reflecting the surge in appetite for assets aimed at mitigating climate change. That still lagged the records set in Italy’s recent debut deal.
Tuesday’s sale keeps France setting the pace for volume in one of the fastest-growing sectors in global finance. Yet it’s now facing competition for green investors from a host of newer entrants, including Germany, and is likely to be overtaken by the European Union after the bloc starts selling debt to finance its recovery from the pandemic.
France Sees Demand for Green Bonds Surge to Record $41 Billion swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.