Stockholm (NordSIP) – Despite the increasing popularity of sustainable investing and green bonds, the market is not a homogenous mass. Some come to the market very often; others only once per year. According to a press release from KommuneKredit, the Danish municipal credit association, issued its green bond for 20020, a twenty-year security worth €500 million on Friday, August 28th.
This is the fourth green bond issued by KommuneKredit since 2017, leading to a cumulative € 2.25 billion of green debt outstanding. The agency’s inaugural bond was a ten-year €500 million fixed-rate note issued on May 18th, 2017. KommuneKredit issued another €750 million green bond to finance more than 200 local green projects across Denmark June 27th, 2018. Most recently, the Danish agency issued €500 million in 20-year green bonds on November 19th, 2019.
“We are determined to move forward with our sustainable financing. I am pleased that – thanks to our attractive financing – we are continuing to support the ambitious work of municipalities and regions to ensure the green transition,” says Jens Lundager (Pictured), CEO of KommuneKredit.
Since 2017, KommuneKredit’s Green Committee has approved a total of 410 green loans worth DKK22.4 billion. The green loans support sustainable projects in Danish local communities, such as energy renovation of buildings in the Municipality of Hvidovre just outside Copenhagen. Another project supported by the programme includes a new hybrid ferry between Thyborøn and Agger in the north of Jutland and a new sustainable waterworks in the suburb Snekkersten in the north of Zealand.
Image courtesy of KommuneKredit