Germany issues the first ten-year green bonds in September
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The German government will issue the first green sovereign bonds in September and expects to issue a volume of between 8 and 12 billion euros by 2020, informed the Finanzagentur des Bundes (similar to the Treasury).
The maturity of the green bonds will be ten years; these debt securities aim to be a green twin of the conventional German ten-year bond, the “Bund”.
Due to state support measures to deal with the economic effects of the COVID-19 pandemic, the German government is in greater need of financing and will be borrowing more this year.
Germany also plans to issue a second green bond in the fourth quarter, which will finance sustainable green, environmental and climate protection projects with a maturity of five years.
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