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    Home > Chemicals Industry > International Chemical > Belgium issues its first sovereign green bond to raise €4.5 billion

    Belgium issues its first sovereign green bond to raise €4.5 billion

    • Last Update: 2022-12-26
    • Source: Internet
    • Author: User
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    Belgium has issued its first sovereign green bond worth 4.
    5 billion euros, which will help finance environmental and clean energy projects
    .

    Belgium issues its first sovereign green bond to raise €4.
    5 billion

    Green bonds have a maturity of 15 years (maturing on April 22, 2033) with a coupon rate of 1.
    25%.

    Barclays, BNP Paribas Fortis Group, Crédit Agricole, ING and JPMorgan Chase & Co.
    were engaged as joint bookrunners for the bond offering
    .

    Initially, Belgium wanted to increase the value of green bonds to 3 billion euros to 5 billion euros
    .

    In a green bond framework released in early February, the Belgian government said the funds from the deal would be used to finance five green sector projects, namely clean transport, energy efficiency, renewable energy, waste management and circular economy adaptation products, living resources and land use
    .

    This move makes Belgium the third European country
    to offer such financial instruments after Poland and France.

    In December 2016, 750 million euros were raised through the sale of five-year green bonds, making Poland the world's first sovereign issuer
    .
    Its pioneering actions were later adopted by other countries, including France, Fiji, Nigeria and Indonesia
    .

    At the end of 2017, global green bond issuance totalled a record US$155.
    5 billion, up 78%
    from US$87.
    2 billion adjusted in 2016.
    The Climate Bonds Initiative (CBI) expects the global green bond market to expand to between
    $250 billion and $300 billion in 2018.

    Belgium has issued its first sovereign green bond worth 4.
    5 billion euros, which will help finance environmental and clean energy projects
    .

    Green bonds

    Belgium issues its first sovereign green bond to raise €4.
    5 billion

    Belgium issues first sovereign green bond to raise €4.
    5 billion, and Belgium issues its first sovereign green bond to raise €4.
    5 billion

    Green bonds have a maturity of 15 years (maturing on April 22, 2033) with a coupon rate of 1.
    25%.

    Barclays, BNP Paribas Fortis Group, Crédit Agricole, ING and JPMorgan Chase & Co.
    were engaged as joint bookrunners for the bond offering
    .

    Initially, Belgium wanted to increase the value of green bonds to 3 billion euros to 5 billion euros
    .

    In a green bond framework released in early February, the Belgian government said the funds from the deal would be used to finance five green sector projects, namely clean transport, energy efficiency, renewable energy, waste management and circular economy adaptation products, living resources and land use
    .

    This move makes Belgium the third European country
    to offer such financial instruments after Poland and France.

    In December 2016, 750 million euros were raised through the sale of five-year green bonds, making Poland the world's first sovereign issuer
    .
    Its pioneering actions were later adopted by other countries, including France, Fiji, Nigeria and Indonesia
    .

    At the end of 2017, global green bond issuance totalled a record US$155.
    5 billion, up 78%
    from US$87.
    2 billion adjusted in 2016.
    The Climate Bonds Initiative (CBI) expects the global green bond market to expand to between
    $250 billion and $300 billion in 2018.

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