The European Commission announced on Tuesday 12 October that it has issued the first EU green bond on the financial markets to a value of €12 billion to finance national recovery plans under the Next Generation EU Recovery Plan.
It is also the largest green bond issue by any issuer to date. These bonds will only be used to finance investments that contribute to the EU’s climate transition.
Demand for the 15-year (February 2037) green bonds was “eleven times” greater than supply,...