European Bank of Reconstruction and Development Green Transition Bond
European Bank of Reconstruction and Development Green Transition Bond
Project Overall Goal
The overall goal of the issuance was to invest in environmental and sustainable solutions through a triple-A security that supports state and private sector environmental projects in the EBRD’s countries of operations
Executive Summary
The proceeds from the transaction were earmarked to support environmentally and socially sustainable projects, which comprise of investments in the following 3 areas: Energy Efficiency, Resource Efficiency (including circular economy adapted products); and Sustainable Infrastructure (including low carbon transport, and green logistics)
The green bond reached a broad audience of international investors. The bulk of demand came from the UK (55%), followed by EMEA (18%), Asia (15%) and the Americas (12%). The main investor category was banks (59%), with strong support also coming from asset managers (26%) and central banks and official institutions (15%).