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London-based EBRD launches 1st euro-denominated Green Bond

2019-01-05 10:28

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The London-based European Bank for Reconstruction and Development (EBRD) announced on Friday that it had issued its debut euro-denominated Green Bond benchmark, a five-year 600 million euro (684 million U.S. dollars) global transaction.

This transaction represents the EBRD's inaugural benchmark Green Bond in the euro market, and its fourth benchmark-sized Green Bond.

The proceeds of the EBRD's environmental bonds go to support a portfolio of environmentally and socially sustainable projects, which comprises investments in energy efficiency, renewable energy, water management, waste management and air pollution prevention and sustainable transport.

The EBRD started issuing Green Bonds in 2010, and its Green Project Portfolio includes 379 projects worth a total of 4.1 billion euros based on operating assets.

The EBRD is one of the largest investors in environmental projects in its countries of operations, having invested over 12.2 billion euros in energy efficiency, climate change and resource finance under its Sustainable Resource Initiative.
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