EBRD prices EUR-1bn green bond

The European Bank for Reconstruction and Development (EBRD) on Thursday announced that it has priced a EUR-1-billion (USD 1.08bn) green bond, its largest ever, to back a specific portfolio of green projects within five areas, including renewables and energy efficiency.

The proceeds raised through the lender’s return to the EUR-denominated market after a three-year pause will also go for waste management, water management, and pollution prevention and control as well as sustainable transport, a press statement said.

The seven-year green bond, listed on the London Stock Exchange's Regulated Market & Luxembourg Green Exchange (LGX), bears an annual coupon of 2.875%. The maturity date is July 17, 2031.

The transaction, which enjoyed high demand, was arranged by BNP Paribas, Credit Agricole CIB and NatWest Markets.

(EUR 1 = USD 1.085)

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