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Nordic pension funds spend a half billion euros on new green bonds

Two Nordic institutional investors have purchased a large combined holding of green bonds, and the capital will be used to finance new renewable power projects, energy optimizations and other profitable assets tied to achieving climate targets.

Photo: Sam Mcneil/AP/Ritzau Scanpix

Europe is swimming in green securities this week as investors seek stable and sizeable returns off assets that also seek to help the world become a greener place.

Germany, for one, has just offloaded its first green bond issuance with ten-year maturities and brought in a total of EUR 30bn, according to Bloomberg News, which adds that coal-heavy Poland was the first country to make such a move. France is reportedly the country with the largest sovereign debt tied up in green securities.

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