Luxembourg proposes first green covered bond law

India dam 230-150x
By Bill Thornhill
18 Jan 2018

The finance ministry in Luxembourg has published a draft covered bond law to finance renewable energy infrastructure loans. But there could be limited demand to use the framework, and much depends on new European rules coming later this year.

In contrast to green covered bonds that have so far been issued using existing legal frameworks, Luxembourg has proposed a draft green legal framework, Lettres de gage (LdG) énergies renouvelables.

Unusually for a covered bond law, the new Luxembourg law is focused on loans financing renewable ...

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