France Hires Banks to Sell New Green Bond Maturing in 2049
France has taken a significant step towards promoting environmentally-friendly initiatives by hiring banks to sell a new green bond that matures in 2049. This move reflects the country's commitment to green finance and sustainability.
France has taken a significant step towards promoting environmentally-friendly initiatives by hiring banks to sell a new green bond that matures in 2049. According to memos from two lead managers seen by Reuters, the bond, due 25 June 2049, will be launched "in the near future, subject to market conditions." This phrase is commonly used by debt management offices a day before a sale. Green bonds, which fund environmentally-beneficial expenditures, have gained popularity in recent years, with many governments launching programs to sell them. France, a leading issuer of green bonds, has hired BNP Paribas, BofA, Credit Agricole, JPMorgan, and Societe Generale for the sale, as stated in the memos.
France's decision to issue a new green bond demonstrates its commitment to sustainable and eco-friendly initiatives. The move not only reflects the country's dedication to environmental causes but also sets an example for other nations to follow suit in promoting green financing.
France Hires Banks to Sell New Green Bond Maturing in 2049
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