Skip to content
Subscriber Only

Record Demand for EU Green Debut Shows Supply Can Hardly Keep Up

  • Bloc sells 2037 bond to raise EU12 billion, with record orders
  • Marks start of plans to be world’s biggest green bond player
Wind Turbine And Solar Panels
Photographer: Mikael Sjoberg/Bloomberg
Updated on

The European Union drew record demand for its debut green bond, in the sector’s biggest-ever deal.

The bloc sold 12 billion euros ($13.9 billion) of securities maturing in 2037, after seeing more than 135 billion euros in orders Tuesday. Both the demand and size eclipsed the U.K.’s debut last month. The deal is just the first in a 250-billion-euro program of EU green-bond sales for coming years, though investors may have to wait until 2022 for more.