Last updated: 04:10 / Wednesday, 4 January 2017
Poland issued a green bond

First Sovereign Joins Luxembourg Green Exchange

Imagen
First Sovereign Joins Luxembourg Green Exchange
  • The world’s first sovereign green bond
  • For EUR 750 million
  • Listed on the EU-regulated market and its maturity date is 20 December 2021

The world’s first sovereign green bond, issued by the Republic of Poland, lists at the Luxembourg Stock Exchange (LuxSE). The EUR 750 million green bond will, in parallel, be displayed on the Luxembourg Green Exchange (LGX).

“Poland is one of the leading sovereign issuers listed on our exchange. We are delighted that we were chosen as the listing venue for the country’s first green bond; it is at the same time the first sovereign green bond issued in international capital markets,” comments Robert Scharfe, CEO of LuxSE.

Asked about the selection criteria when choosing the listing venue for the green bond, Poland's Deputy Minister of Finance, Piotr Nowak, explained: “LuxSE is one of the biggest stock exchanges for international bonds in Europe, and a very innovative one. The recent implementation of the Green Exchange is a proof of an open-minded approach towards the needs of financial markets. On top of that, we received strong recommendations from market participants to list there”.

Poland lists EUR 50 billion worth of bonds in Luxembourg. The green bond is listed on the EU-regulated market and its maturity date is 20 December 2021. The proceeds, as stated in the framework and prospectus, will be used for renewable energy, clean transportation, sustainable agriculture operations, afforestation, national parks and reclamation of heaps.

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