Poland pioneers green bonds

By bne IntelliNews December 13, 2016

Poland pioneered the sovereign segment of green bond issuance as it placed €750mn of the instrument with international investors on December 12.

The proceeds will finance “pro-environmental investment,” the finance ministry said. Poland sold the green bonds - which mature in 2021 - at 48bp over mid-swaps, achieving a yield of 0.634%, the ministry said.

“The yield [we] achieved is analogous to what we would achieve in the case of a standard bond issue of the same maturity on the euro market,” deputy Finance Minister Piotr Nowak said in a statement.

The ministry claimed there was a huge interest in the placement from investors during a roadshow that took place last week in the UK, France, the Netherlands, Germany, and Norway. 

Poland, whose credentials for pro-environmental policy have come into question under the current administration, says it will publish detailed information on the projects backed by the money raised. The information will be available within 12 months.

Read in IntelliNews Pro
Get IntelliNews Pro

Related Articles

Mirziyoyev commends $74bn of foreign investment and IFI inflows as third Tashkent International Investment Forum kicks off

The foreign investment inflow into Uzbekistan has topped $60bn in recent years, President Shavkat Mirziyoyev noted as the third Tashkent International Investment Forum (TIIF-2024) got under way. ... more

Uzbekistan’s key rate held at 14% as central bank points to fears over reacceleration of inflation

Uzbekistan's central bank on April 25 kept its benchmark interest rate on hold at 14%, pointing to risks that inflation could once more accelerate. Planned hikes of state-regulated prices for ... more

Ukraine's DTEK seeks $350mn to restore energy capacity after Russian attacks

Ukraine's leading private energy company, DTEK, has sounded the alarm, indicating an urgent need for $350mn to recuperate lost capacity resulting from Russia's relentless assaults on thermal power ... more

Follow Us On

Most Read

  1. Cheap Russian drones overwhelm US-made Abrams tanks, taken out of action
    6 days ago
  2. The models are wrong, climate change is accelerating faster than predicted
    8 days ago
  3. Russia already treating Bosnia’s Republika Srpska as an independent state
    8 days ago
  4. Kuwait reacts angrily to being cut out of Iraq and Turkey’s transport project
    7 days ago
  5. Putinomics: Russia’s oil and gas revenue to double in April
    7 days ago
  1. Albanians campaign on social media to keep bus bridge created in freak accident
    2 years ago
  2. Saudi Arabia to scale back plans for Neom city
    23 days ago
  3. Iran vs Israel: Who is better equipped for war?
    19 days ago
  4. Oil continues to flow to Israel via Turkey despite Erdogan’s vehement speeches on plight of Gaza
    6 months ago
  5. Leading emerging markets move rapidly up World Bank’s PPP GDP and FDI confidence rankings
    24 days ago

Reports

Dismiss