Finance
Germany Seizes on Demand for Green Debt With $7.7 Billion Debut
- Europe’s largest economy aims to be benchmark for such bonds
- Market is beginning to boom with EU aiming to sell green debt
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Germany racked up near-record demand for a bond sale in its debut green debt offering, grabbing nearly a tenth of the growing global market.
It raised 6.5 billion euros ($7.7 billion) from the 10-year sale, with demand more than five times that at 33 billion euros. The strong investor interest meant it priced one basis point tighter to the existing conventional bond.