EU Bank Issues $250M Bond Aimed At Green-Minded Investors

Law360, New York (September 11, 2013, 4:11 PM EDT) -- The European Bank for Reconstruction and Development issued a $250 million bond whose proceeds will be set aside to support sustainable development, geared toward institutional investors with a demonstrated commitment to green initiatives, the bank said Wednesday.

More than two dozen investors joined in on the bond. More than half of its funds wound up with pension funds, banks and asset managers based in the U.S., with 31 percent distributed among European groups and the rest in Asia, according to the EBRD.

The bank did not...
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