The European Bank for Reconstruction and Development (EBRD) has issued a €600 million (£540m) green bond.
The five-year offering is the first EUR-denominated bond the bank has released and its fourth benchmark-sized green bond.
The new issue is due on the 10th of January 2024 – more than two-thirds of the final deal was allocated to investors with a socially responsible investment focus.
Initially targeting a size of €500 million (£450m), EBRD said it also attracted demand from other ‘high quality’ investors, which saw the final order book exceed €680 million (£612m).
EBRD up-sized the transaction to €600 million (£540m) to satisfy demand.
Energy company SSE issued its second green bond totalling €650 million (£588m) last year.