Baden-Württemberg's Fifth Green Bond Triples to €800M, Reflecting Growing ESG Demand
Baden-Württemberg has expanded its fifth Green Bond to 800 million euros, more than tripling its initial emission in 2021. The bond, with a nominal interest rate of 2.875 percent for a ten-year term, was heavily oversubscribed, attracting three times as many purchase requests as shares available.
The bond's proceeds will fund 56 projects across eight ministries, all aligned with the EU Taxonomy and Green Bond Principles. These projects include energy-efficient new buildings, bicycle path expansions, and measures to adapt local forests to climate change. Over 80 percent of the emission volume went to investors prioritising ecological sustainability. Green Bonds, designed for financing ecologically sustainable projects, have proven popular among investors seeking to support environmental initiatives.
Baden-Württemberg's fifth Green Bond, now worth 800 million euros, will fund 56 projects promoting sustainability and climate resilience. The bond's success, with heavy oversubscription, reflects investors' growing interest in supporting environmentally friendly initiatives.
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