Australia issues A$7bn ($4.7bn) green bond amid carbon reduction concerns.
Australia's debut green bond issuance of A$7bn ($4.7bn) has attracted investors despite concerns over the nation's carbon reduction efforts. The government aims to build a sovereign green bond curve, following peers like Germany and France, as global green bond sales reach a record $294bn this year, a 12% increase over 2023. Investors hope for cheaper funding costs through the "greenium", a premium for holding green debt.
June 03, 2024
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