Since the launch of its first green sovereign bond in January 2017, which has become an international benchmark, Paris has emerged as a champion of sovereign sustainable finance.
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EU green bonds exclude nuclear
And investors are not shying away from their pleasure, as the replenishment of the green assimilable Treasury bond (OAT), due in 2039, on November 4, has shown.
Last March, Bercy had very easily issued its second green OAT, for an amount of 7 billion euros.
The title attracted a very strong demand from investors, of nearly 35 billion, and allowed the State to finance itself under excellent conditions, at 0.526% at thirteen years, a bit below the conditions proposed for a classic issue. .
15 billion issues
With its two green OATs (maturing in 2039 and 2044), the total outstanding green debt issued by Paris is now approaching 40 billion euros.
The sum may seem modest if we compare it to nearly 3 trillion euros in French debt.
Especially since
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