Slovenia’s Sustainability Bond Issuance First in CEEReading Time: < 1 minutes
This week, Slovenia became the first country in Central & Eastern Europe (CEE) to issue 10-year sustainability bonds to the tune of EUR 1 billion, whose proceeds are to go to investments with environmental and social objectives.
The country was able to raise over EUR 8.4bn from 210 investors. Nearly 30% of investors – mostly asset managers and insurance/pension funds and banks – came from German-speaking countries: Germany, Austria and Switzerland; almost 12% were from the local market.
Slovenia’s finance ministry says that the high demand for the sustainability bonds demonstrates investor confidence in Slovenia, which earlier this year released Eurobonds whose total worth were EUR 2.5bn.
Source: bne IntelliNews