Baden-Württemberg Raises €800M with Fifth Green Bond for 56 Eco-Friendly Projects
Baden-Württemberg has issued its fifth Green Bond, raising €800 million to fund 56 eco-friendly projects across eight state ministries. This amount marks a significant increase of half a billion euros from its first emission in 2021.
The bond, which was oversubscribed by over three times, carries a nominal interest rate of 2.875 percent for a ten-year term. The proceeds will support highly energy-saving new buildings, the expansion of bicycle paths, and measures to adapt native forests to climate change. These projects adhere to the EU taxonomy and Green Bond Principles of the ICMA, ensuring ecological sustainability.
Over 80 percent of the emission volume went to investors focused on ecological sustainability. The bond's success reflects the growing demand for green investments and Baden-Württemberg's commitment to combating climate change.
With this fifth Green Bond, Baden-Württemberg continues to lead in sustainable financing. The 56 projects, spanning eight ministries, demonstrate the state's broad approach to environmental protection. The bond's oversubscription and high demand from eco-conscious investors highlight the growing appeal of green investments.
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