AFD breaks records with climate bond at long end of the curve

By Tessa Wilkie
11 Sep 2014

Agence Française de Développement this week became the first supranational or agency issuer to raise €1bn with a green new issue in euros at the long end of the curve, while the European Investment Bank priced a tap of a November 2026 Climate Awareness Bond in Ecoop format. That came just a week after it sold the original deal, which is its longest benchmark Climate Awareness Bond in euros.

AFD’s 10 year deal is the latest signal that green investors are willing to move down the maturity curve. Last week, the EIB sold its longest ever Climate Awareness Bond, raising €500m with a 12 year deal. It was quick to return to increase the bond on ...

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