Investors put up bids for 30 billion euros worth of Germany's 'green' bonds, around 5 times the issue volume.
Germany on Wednesday, September 2, launched its first"green" bond offering to finance environmental initiatives as it pivots towards a sustainable economy, and could become a benchmark issuer in the booming field.
Moody's analyst Matthew Kuchtyak said the approach is"innovative" and"should help alleviate investor concerns around the liquidity of the green offerings." "Germany is preparing for a comprehensive structural change towards a sustainable and climate-friendly economy," the agency said.
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