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Germany to raise 5 billion euros from new 10-year green bond

Kitco Media
By Reuters
Published:
Updated:
Reuters
April 25 (Reuters) - Germany was set to raise 5 bilion euros from a new 10-year green bond on Tuesday, according to a lead manager memo seen by Reuters. Germany set the size of the bond, which matures on 15 February 2033, at 5.25 billion euros and will retain 250 million euros of the bond on its own books, the memo said.


The bond, which saw over 14.8 billion euros of investor demand, will price at a spread of 0.5 basis points below a conventional German government bond with the same maturity, the memo said.


Germany has been issuing green bonds, which fund environmentally beneficial spending, since 2020, building a yield curve as it sells debt in the format in various maturities. Tueday's issuance marks Germany's sixth green bond. Germany on Monday hired Barclays, BofA, Commerzbank, Credit Agricole, Danske Bank and Natwest Markets to manage the sale.
(Reporting by Yoruk Bahceli; editing by Harry Robertson)

Messaging: yoruk.bahceli@thomsonreuters.com))
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