EU bank issues €600m green bond
Source: Energy Live News
The European Investment Bank (EIB) has issued a new €600 million (£439m) green bond.
The transaction takes the total investment in the Climate Awareness Bond (CAB) to €10 billion (£7.3bn).
CABs provide investors with the opportunity to invest in projects contributing to climate action. Projects will range from wind farms and geothermal production to building insulation, district heating and replacing equipment with energy efficiency improvements.
The bond generated “strong demand from a range of investors genuinely interested” in the transaction, EIB said.
They added: “Particularly from the Netherlands which accounted for 27% of distribution.”