Austria Lets ESG Investors Dodge Bank Fees With Direct Offering
- Investors can tap notes ranging from one month to a decade
- Funds earmarked for renewable energy, power grid expansion
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Austrian debt pioneers say they’ve forged novel new instruments designed to appeal to environmentally-conscious retail investors who want to avoid complicated financial products and commissions.
The Austrian Treasury is offering two retail debt products with a green label as part of an initiative to channel household saving directly into the federal budget. Funds will help finance renewable energy generation, electric-vehicle charging points and Austria’s power grid.