Reported 4 months ago
Australia's debut green bond issuance of about A$7 billion maturing in June 2034 has attracted investors keen on building a sovereign green bond curve, despite concerns over the nation's carbon emissions reduction efforts. The move aligns with a global trend where governments and corporates have sold a record $294 billion in green bonds this year to finance environmentally beneficial projects. Investors are interested in seeing further maturities in sustainable debt available, with Australia's green bond being viewed favorably by BNP Paribas Asset Management for its potential in curve building. However, some investors may hesitate due to Australia's high carbon emissions levels and plans for new natural gas fields.
Source: YAHOO