Germany raises 6.5 billion euros from first-ever green bond

AMSTERDAM (Reuters) - Germany saw good demand for its first-ever green bond on Wednesday, in a landmark moment for Europe’s climate-focused finance drive.

Germany raised 6.5 billion euros from the 10-year bond, after investors queued up for over 33 billion euros, its finance agency said in a statement.

“With today’s issue of the government’s first green bond, we have taken an important step towards significantly strengthening Germany as a sustainable finance location,” German deputy finance minister Joerg Kukies told Reuters.

Germany hopes to issue a range of bonds with different maturity dates to build a green yield curve that other countries and companies looking to sell their own green bonds could then use as a reference point.