You are here: Home » International » News » Others
Business Standard

Germany raises 6.5 billion euros from first-ever green bond, says report

Germany raised €6.5 billion from the bond, after investors queued up for over €33 billion, its finance agency said in a statement

Topics
Germany

Reuters 

Germany flag
Germany hopes to issue a range of bonds with different maturity dates to build a green yield curve

saw good demand for its first-ever green bond on Wednesday, in a landmark moment for Europe's climate-focused finance drive.

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 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.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 03 2020. 01:44 IST
RECOMMENDED FOR YOU
.