Baden-Württemberg's Fifth Green Bond Raises €800M, Oversubscribed Threefold
Baden-Württemberg has successfully issued its fifth Green Bond, raising €800 million. The bond, which focuses on financing ecologically sustainable projects, was oversubscribed by over three times, reflecting investors' growing interest in green initiatives.
The bond's proceeds will fund 56 projects across eight state ministries. These include energy-efficient new buildings, expansion of cycle paths, and climate adaptation measures for forests. Notably, no agricultural projects were listed among the cited initiatives. This emission volume, an increase of 500 million euros from the first Green Bond in 2021, saw over 80 percent go to investors focused on ecological sustainability. The selection of projects adheres to the EU Taxonomy and ICMA guidelines for ecological effectiveness. The bond, with a ten-year term, carries a nominal interest rate of 2.875 percent.
Baden-Württemberg's fifth Green Bond, with its increased volume and strong investor interest, underscores the region's commitment to sustainable development. The funded projects, aligned with EU and ICMA guidelines, are expected to contribute significantly to the state's environmental goals.
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