Germany to sell up to €10bn of green bonds in 2020
GlobalCapital understands that Germany is finalising plans for the issuance of its debut green bond, which will be sold in the first half of next year alongside an ordinary Bund with the same maturity and coupon.
The so-called ‘twin bond’ structure will allow investors to exchange the green bond for an ordinary Bund.The idea is to keep the price of the green bond close to the price of its conventional curve to ensure that the German government does not pay a premium to issue ...
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