Finland’s red light for green bonds

red traffic light px230 for gc
By Craig McGlashan
06 Mar 2019

Finland is unlikely to join the growing band of sovereign green bond issuers, after the head of its treasury’s finance division said that adding the format to its funding mix “would not help the liquidity of our nominal benchmark bonds”.

The sovereign borrowed €14.1bn in 2018 and expects to raise €15bn-€20bn annually. Those small needs, relative to some of its eurozone peers, mean there is no place for green bonds, said Teppo Koivisto, director of finance and head of the finance division in the Finnish Treasury.

“Many ...

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