EBRD Releases Green Bonds worth €600 Million

The European Bank for Reconstruction and Development (EBRD) has announced that it has released a 600 million euro ($685 million) green bond with a tenure of fie-year.

This transaction represents EBRD’s initial benchmark Green Bond in the EUR market, and its fourth benchmark-sized Green Bond. As one of the leaders in the Green Bond market, EBRD’s standing and credibility is steadily established amid the Sustainable & Responsible Investment community.

With an eye on the size of €500million, EBRD also engrossed demand from other high quality Central Bank and Bank Treasury investors, which saw the order book surpass €680million.

Fortunately, EBRD was able to be lithe in its sizing and upsize the transaction to €600million to gratify demand, while still tightening the pricing, the bank said.

The profits of EBRD’s environmental bonds are allocated to sustain a particular portfolio of environmentally and socially sustainable projects (the Green Project Portfolio or GPP).

This at present comprises investments in the subsequent 5 areas: Energy Efficiency, Renewable Energy, Water Management, Waste Management and Air Pollution Prevention & Sustainable Transport.

The EBRD initially started issuing Green Bonds in 2010 and its Green Project Portfolio consist of 379 projects worth a total EUR 4.1bn based on operating assets as at 30 Sep 2018.