This website use cookies and similar technologies to improve the site and to provide customised content and advertising. By using this site, you agree to this use. To learn more, including how to change your cookie settings, please view our Cookie Policy
Pocketmags Digital Magazines
Pocketmags Digital Magazines
   You are currently viewing the Australia version of the site.
Would you like to switch to your local site?
Digital Subscriptions > > City of Paris launches its first green bond

City of Paris launches its first green bond

Paris has joined other cities such as Gothenburg and Johannesburg in launching its first green bond, which hit the markets in November just ahead of the UN Climate Change Conference (COP21).

“We started thinking about issuing a green bond about two years ago,” explained Xavier Giorgi, Head of Funding for the City of Paris. “After actively following the growth of the market for a while longer, we decided to go ahead with the issue at the end of 2014.”

The idea was first suggested by the financial department because of the benefits of investor diversification of green bonds compared to non-green bonds. “We were really keen to get investor diversification–it’s become more and more important for us when raising capital,” said Giorgi. The city government was also looking to get better funding rates, and they had seen the costs involved in issuing a green bond decrease.

Purchase options below
Find the complete article and many more in this issue of -
If you own the issue, Login to read the full article now.

Other Articles in this Issue