Spain Launches Debut Green Bond

Spain launched it’s first ever green bond to finance environmentally sustainable projects and meet growing demand across the capital markets for sustainable finance. The 20-year €5bn note saw demand of €60bn largely from foreign funds and insurers. 25% of investors were from France and Italy while 20% where from Germany, Austria and Switzerland and 4.1%. from North America.

Sovereign green bond syndications continue to grow in Europe, including:

  • EU: launches €800bn Next Generation EU Programme via green bonds
  • Germany: recently has its fourth green bond auction
  • Britain: coming to the market with green bonds on 20 September.
  • Italy: green bond debut in March saw the largest-ever order book for green bonds
  • France: green bond issuance earlier in the month helped push Europe to record of green bond syndications

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