Iceland to Make Green Debut Six Years After Climate Action Plan
- Country mandates banks for 10-year euro green debt sale
- Iceland is committed to being carbon neutral by 2040
Tourists walk around Seljalandsfoss waterfall near Storidalur, Iceland.
Photographer: Sean Gallup/Getty ImagesThis article is for subscribers only.
Six years after establishing a climate action plan and three years since it syndicated a debt deal in euros, Iceland is planning to sell its debut green bond.
The small island country mandated banks for a 10-year euro-denominated benchmark offering, according to a person familiar with the matter, who asked not to be identified because they’re not authorized to speak about it. The deal will emerge subject to market conditions and investor meetings are scheduled for Tuesday and Wednesday, the person said.