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U.K. Debt Chief Embraces More Green Funding After Cutting Costs

  • Aims to use new green bonds to fill out gilt yield curve
  • Needs to be able to issue sizeable amounts for liquid market
Robert Stheeman

Robert Stheeman

Photographer: Simon Dawson/Bloomberg

The U.K.’s record-breaking debut green bond sale has given debt chief Robert Stheeman conviction on the benefits of an environmental borrowing program.

Any previous doubts were quelled by the lower costs -- or “greenium” -- Stheeman said the country achieved. The 10 billion-pound ($13.7 billion) deal this week was the biggest-ever ethical bond sale and the country is already planning another offering next month.