Economia
The Kingdom of Denmark is preparing the issuance of a 10-year European Green Bond under an updated green bond programme
The Kingdom of Denmark expects to become the first sovereign in the world to launch a European Green Government Bond (EuGB) under the European Green Bond Standard (EuGB Standard). The bond will have a maturity of 10 years and is planned to be opened via syndication.
The issuance of a Danish EuGB government bond follows the update of the central government’s green bond programme. The updated programme fully complies with the EU’s requirements for documentation, transparency, and green investments.
The proceeds from the issuance will be directed towards green central government expenditures – including the transformation of the energy sector, sustainable transport, conversion of agricultural land as well as nature restoration.
“With the upcoming issuance, the Danish state actively supports a common European language for green investments. The European Green Bond Standard creates transparency and trust in the market – and the Danish state is leading the way by adhering to the highest standards, thereby supporting the development of green capital markets”, says Governor of Danmarks Nationalbank, Signe Krogstrup.
The Kingdom of Denmark’s European Green Bond Factsheet has been externally reviewed by Sustainable Fitch, and it has been found to align with both ICMA’s Green Bond Principles and the European Green Bond Standard.
As is the case for existing outstanding green central government bonds, the new EuGB government bond will be issued as a twin to the central government’s 10-year conventional bond, ensuring liquidity and investor flexibility.
FACT BOX: Kingdom of Denmark European Green Bond
For further information, please contact Henrik Nørby at tel. +45 3363 6525.
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