French utility ENGIE offers €1.25bn green bond

French energy firm ENGIE has issued a green bond worth €1.25 billion (£1bn). The proceeds of the bond will be used to finance renewables, energy efficiency and research and development […]

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By Priyanka Shrestha

French energy firm ENGIE has issued a green bond worth €1.25 billion (£1bn).

The proceeds of the bond will be used to finance renewables, energy efficiency and research and development projects.

It takes the firm’s total amount of bonds issued to €5.25 billion (£4.7bn) since 2014.

It is part of ENGIE’s commitment towards a low carbon transition while supporting the development of green finance.