Picture
Contatti
Picture

Germany to issue new green bond, Spain in the starting blocks

In breve

Germany will issue a new 10-year green bond in September via auction in the amount of € 3.5bn. It will be reopened by a further € 3bn in October. The conventional twin of this bond is the 10-year Bund maturing in 2031. Thus, the government continues its strategy – which started in 2020 – of issuing green benchmark bonds.

Highlights:

  • Germany will issue its second 10-year green benchmark bond in September (€ 3.5bn initially). This will further increase the outstanding volume of green German bonds to € 21bn (currently outstanding throughout euro area € 91bn). Hence, Germany is moving forward in the process of creating a complete green yield curve.
  • The ‘twin concept’ pursued by Germany, according to which for every green bond there is a conventional one with the same maturity and coupon, is unique. This creates a higher degree of transparency.
  • The greenium is around 5 bps across the curve indicating strong demand by investors and reflecting the additional transparency of green bonds.
  • Spain will issue its first green bond in September. It will have a maturity of 20 years, the volume is not known yet. Further green bonds will be placed in the coming months.

Download the full publication below

Market Commentary I Germany to issue new green bond, Spain in the starting blocks
Competenze
Investimenti Responsabili
Insights
Chi Siamo
Contatti
Picture
Picture

© Generali Investments, tutti i diritti riservati. Questo sito web è fornito da Generali Investments ed è considerato come una comunicazione di marketing e una promozione finanziaria riferita ai prodotti e servizi delle società elencate di seguito, appartenenti al Gruppo Generali: Generali Investments Partners S.p.A. Società di gestione del risparmio, Generali Insurance Asset Management S.p.A. Società di gestione del risparmio, Generali Investments Luxembourg S.A. e Generali Investments Holding S.p.A. (nel prosieguo, congiuntamente indicate come Generali Investments). Inoltre, il sito può contenere comunicazioni di marketing e promozioni finanziarie di prodotti e servizi di società appartenenti alla piattaforma coordinata da Generali Investments Partners S.p.A. Società di gestione del risparmio, nello specifico di Generali Global Infrastructure, Sycomore Asset Management, Aperture Investors LLC., Plenisfer Investments SGR, Lumyna Investments e Generali Real Estate S.p.A. Società di Gestione del Risparmio

Note Legali
Informativa Sui Cookie
Informativa Sulla Privacy
Termini e Condizioni
Copyright
Glossario