Germany saw good demand for its first-ever green bond on Wednesday, in a landmark moment for Europe's climate-focused finance drive.
Germany raised €6.5 billion from the bond, after investors queued up for over €33 billion, its finance agency said in a statement.
“With today's issue of the government's first green bond, we have taken an important step towards significantly strengthening Germany as a sustainable finance location,” Germany’s Deputy Finance Minister Joerg Kukies told Reuters.
Germany hopes to issue a range of bonds with different maturity dates to build a green yield curve.
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