We’re 10 days into the New Year and the first green bond is already out – the European Investment Bank has just announced the release of its latest Climate Awareness bond, a CHF350 bond (USD386bn). Lead managers were Barclays, Credit Suisse, Deutsche Bank and the coupon is 1.625%.
After the flurry of bonds issued towards the end of 2013, we anticipate that 2014 will be an even bigger year for green bonds. So far it’s off to a good start.
The EIB has been issuing Climate Awareness Bonds since 2007 to raise funds to support EIB lending for renewable energy and energy efficiency