LONDON, July 16 The European Investment Bank
(EIB) has issued a 650 million euro ($848 million) "green bond"
to help it finance renewable energy and energy efficiency
projects, the bank said.
There was strong demand for the Climate Awareness Bond,
particularly from asset managers, insurance companies and
pension funds in the Benelux region, Germany and France, said
The bond, the largest of its type in the euro market, has a
maturity date of Nov. 15, 2019 and carries an annual coupon of
Bank of America Merrill Lynch, Credit Agricole CIB, DZ Bank
and UniCredit acted as joint bookrunners.
The EIB's Climate Awareness Bonds are used to finance
renewable power generation projects in the hydro, wind, solar
and geothermal sectors as well as energy efficiency projects in
district heating, building insulation and energy loss reduction.
Since 2007, the bonds have raised over 1.7 billion euros.