Finance
Jumbo Green Deal Wakes Up ESG Market
- TenneT sells 3.85 billion euros to fund greener power grids
- Investors pile in after drought of ESG sales in recent months
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The green bond market is roaring back to life with the biggest-ever corporate sale, pulling in investors starved of ethical debt during this year’s market turmoil.
Dutch power company TenneT Holding BV sold 3.85 billion euros ($4.06 billion) of green debt across four maturities Tuesday, to fund greener electricity grids across Europe. It’s the largest deal for the environmental debt from a company, topping previous efforts from Honda Motor Co. and Engie SA, according to data compiled by Bloomberg.