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U.K. Seen Winning Premium in World’s Biggest Green Bond Sale

  • Britain’s green bond issue will be ‘the largest,’ Sunak says
  • Rules for debt excludes nuclear; requires social impact report
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Investors see the U.K. achieving lower borrowing costs through green bonds, after the government laid out plans for the world’s largest sale of such debt to fund projects from hydrogen power to flood defences.

Britain’s new framework comes ahead of planned green bond sales of at least 15 billion pounds ($20.7 billion) this fiscal year. That’s probably the most ambitious green sovereign bond plan of any major country, U.K. Chancellor of the Exchequer Rishi Sunak told Bloomberg TV.