First Nuclear Bond Under EU Green Standard Draws High Demand

Teollisuuden Voima Oyj’s debut EU green bond — the first from the nuclear sector to be sold under the European Green Bond Standard — saw more than three and a half times investor orders for the €500 million deal.

The Finnish power producer drew over €1.75 billion ($2.06 billion) of orders for the note, which is expected to mature in March 2033. Pricing tightened to 125 basis points over mid-swaps, down from the initial 160 basis points, according to a person familiar with the matter.