Finance
France Extends Green Bond Lead With $8 Billion Sale of New Debt
- Investors pile into nation’s second-ever sale of green notes
- $21 billion of deals hit the primary debt market Tuesday
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France amassed its biggest-ever green bond orderbook in its second sale of new debt, extending a pole position in the market to finance environmental projects.
The nation raised 7 billion euros ($8.3 billion) from the securities maturing in 2044. Investors bid over 34.5 billion euros, about 50% more than for its first such offering in 2017, reflecting the surge in appetite for assets aimed at mitigating climate change. That still lagged the records set in Italy’s recent debut deal.