The News – Capital Media
The News – Capital Media
  • France Issues Record $7.5 Billion in 'Green Bonds'

  • Other countries and funds have experimented with green bonds, but France's issue Tuesday was exceptional in its size and duration

French President Francois Hollande speaks during a media conference at the end of an EU Summit in Brussels on Thursday, Dec. 15, 2016. European Union leaders met in a separate session Thursday evening without Prime Minister Theresa May as they try to chart the way ahead with an EU of 27 members without Britain. (AP Photo/Olivier Matthys), photo: AP/Olivier Matthys

24 of January 2017 17:10:05

PARIS – France has issued a record 7 billion euros ($7.5 billion) in so-called green treasury bonds, a boost to efforts to generate investment in clean energy.

The French government celebrated the higher than expected demand for Tuesday's bond issue. President François Hollande called on others to follow France's example.The 22-year bonds that will go exclusively toward green energy spending were sold to banks, insurers and other institutional investors at a 1.75 percent interest rate, comparable to classic government bonds for the same period.Other countries and funds have experimented with green bonds, but France's issue Tuesday was exceptional in its size and duration.Hollande's government has championed green bonds since hosting the 2015 Paris Agreement, which aims to fight global warming by reducing carbon emissions and investing in renewable energy.



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