Navigation
Suscribe
Menu Search Facebook Twitter
Search Close
Menu ALL SECTIONS
  • Capital Coahuila
  • Capital Hidalgo
  • Capital Jalisco
  • Capital Morelos
  • Capital Oaxaca
  • Capital Puebla
  • Capital Quintana Roo
  • Capital Querétaro
  • Capital Veracruz
  • Capital México
  • Capital Michoacán
  • Capital Mujer
  • Reporte Índigo
  • Estadio Deportes
  • The News
  • Efekto
  • Diario DF
  • Capital Edo. de Méx.
  • Green TV
  • Revista Cambio
Radio Capital
Pirata FM
Capital Máxima
Capital FM
Digital
Prensa
Radio
TV
X
Newsletter
Facebook Twitter
X Welcome! Subscribe to our newsletter and receive news, data, statistical and exclusive promotions for subscribers
World

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 François Hollande speaks during a media conference at the end of an EU Summit in Brussels on Thursday, Dec. 15, 2016, photo: AP/Olivier Matthys
11 months ago

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.

Comments Whatsapp Twitter Facebook Share
More From The News
Latest News

Fast-moving flames force people to flee ...

3 days ago
Entertainment

Prosecutors: No charges against conducto ...

3 days ago
Latest News

Southern snowfall isn't deep, but many f ...

3 days ago
Latest News

New Mexico school shooter left note plot ...

3 days ago
Most Popular

Swiss claim 1MDB fraud

By The Associated Press
Business

Mexico's Industries seek U.S. Partner Co ...

By Rosalba Amezcua
Business

Cuba to Lift Penalty on Dollar but Warns ...

By The Associated Press
Business

Switzerland to Hand Venezuela Oil Firm B ...

By Reuters
Business

UK Leader Cameron Publishes Tax Returns, ...

By The Associated Press
Business