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Bumper Week of Green Bond Sales Finds Strong Demand in Europe

  • Spain’s order book covered its debut green deal by 12 times
  • Attention now turns to upcoming issuance from the U.K. and EU
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Photographer: Bartek Sadowski/Bloomberg

A stellar week of green bond sales in Europe looks set to turn into a bumper month for the region’s sovereign issuers.

Spain sold 5 billion euros ($5.9 billion) in its debut green bond deal on Tuesday, attracting an order book that covered the deal by 12 times. Meanwhile, the Isle of Man -- a British crown dependency that last came to the market two decades ago -- raised 400 million pounds ($550 million).