Green tranches outdo conventionals in corporate bonds

By Alex Radford, Jon Hay, Owen Sanderson
22 May 2019

The corporate bond market took on a distinct green tinge this week - something that is becoming more and more common. Green bonds are reaching an ever wider spread of issuers - though not yet oil group Total, out on Wednesday with a euro and sterling three-trancher, nor defence group Thales, which issued on Tuesday.

Tennet, the Dutch electricity grid, is one of the most avid green bond issuers, and on Monday brought €500m 11 year and €750m 20 year bonds. These were its first issues since a US private placement in the autumn and a dual trancher a year ago.

Though Tennet does ...

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