Vattenfall pleases dark green fans, unlikely to issue brown bonds again

Vattenfall Porjus hydroelectric green dam renewable from co media gallery 575
By Jon Hay
06 Mar 2020

Vattenfall, the Swedish state power company, issued its second green bond on Thursday, to an enthusiastic reception from investors, who drove the €500m note’s pricing very close to the issuer’s curve.

The deal came a day after the €500m transition bond issue by Cadent Gas, the UK’s largest gas distribution network. All the euro corporate bond issues this week found strong demand, as investors stuffed money into the market after a week of anxiety over the coronavirus had brought ...

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