Germany has issued its first 15-year green bond, maturing 2041.
This is the country’s first issuance under the new Green Bond Framework, and adds to existing securities maturing 2035 and 2050. Updated in January, the German Finance Agency commented that the new framework improves reporting and transparency regarding expenditure evaluation and selection.
Total outstanding green bond issuance in Germany is now €84.75 billion.
The €4 billion issuance has a 2.60% coupon, with interest paid from 15 May 2026. It was priced at one basis point below its conventional twin, with a €1 billion retention.
More than 130 investors participated in the bond’s orderbook, which closed above €22 billion, the German Finance Agency stated.
BNP Paribas, Danske Bank, Deutsche Bank, DZ Bank, NatWest and Société Générale were lead managers.
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