Poland raises 1 billion euros to reinforce its environmental engagement

Posted by aclimaadmin | abril 16, 2018 | Noticias del Sector

Big Success of the Second Sovereign Green Bond Issuance aimed at financing environmental projects in Poland.

The Republic of Poland successfully issued its second green bond, which proceeds will be spent to finance environmental projects in line with the Polish Green Bond Framework. The funds will be used in sectors of renewable energy, clean transportation, sustainable agricultural operations, afforestation, national parks or reclamation of heaps.

The significant demand that reached EUR 3.25 bn exceeded Ministry of Finance’s expectations enabling to grow the planned value of the issuance and to determine its final size at EUR 1 bn. Societe Generale acted as joint book-runner on this second senior unsecured green bond with maturity of 8.5 years.

At the end of 2016, Poland was the first sovereign ever tapping the green bond market and is now the first sovereign with two green bonds outstanding. So far, only Poland, France and Belgium issued Green Bonds in Europe.

The transaction attracted a broad demand. More than 170 investors participated in the deal, with French investors buying almost a quarter of the issue, followed by German and UK investors who accounted for 19% and 14% of total allocation. By investor type, asset managers and banks took the lion’s share of total books, with 67% and 16%, respectively.

Fuente: SOCIETATE GENERALE

Add a comment

*Please complete all fields correctly

Posts Relaccionados

Posted by aclimaadmin | 23 septiembre 2022
eCityMálaga impulsa la primera academia sobre la cultura de la economía circular en un parque tecnológico de España. Esta formación de carácter gratuito, financiada por Endesa, estará destinada a las...
Posted by aclimaadmin | 23 septiembre 2022
Es tal la necesidad, que no cesa de jalear el ritmo de implantación de energías renovables en España. Esta misma semana se conocía que la eólica lidera la potencia instalada para producir...
Posted by aclimaadmin | 23 septiembre 2022
The Climate Group ha seleccionado a Euskadi para desarrollar el proyecto STARRS junto con Abruzos (Italia), Jalisco (México), Pernambuco (Brasil), Querétaro (México) y la provincia del Cabo Occidental (Sudáfrica). El...
X