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EU Falls Short Of The Huge Demand For Its Green Bond

The EU has achieved record demand in the supply of its first green bond. The block has sold 12,000 million euros in securities due 2037 on Tuesday, after receiving more than 135,000 million euros in requests, more than 11 times more. Both demand and size overshadowed the UK debut last month. The deal is the first in a € 250 billion EU green bond sales program for the next few years, although investors may have to wait until 2022 to get more.

“What makes this deal special is the message it sends about the strength of demand for green bonds, after a series of offers aimed at the same investor base,” explained ING analysts. “It confirms that the supply of green bonds is still catching up with demand.”

The EU has achieved record demand in the supply of its first green bond. The block has sold 12,000 million euros in securities due 2037 on Tuesday, after receiving more than 135,000 million euros in requests, more than 11 times more. Both demand and size overshadowed the UK debut last month. The deal is the first in a € 250 billion EU green bond sales program for the next few years, although investors may have to wait until 2022 to get more.

“What makes this deal special is the message it sends about the strength of demand for green bonds, after a series of offers aimed at the same investor base,” explained ING analysts. “It confirms that the supply of green bonds is still catching up with demand.”

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