At the end of January, Citi launched a €500 million green bond – its first green bond – and in February Bank of America launched a $500 million social bond – its first social bond and indeed the first social bond from a US bank. Both were oversubscribed and priced tighter than expected.
Citi’s green bond is important for many reasons, not least because it shows there is enough green infrastructure and project lending being done to put it together.
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