Maiden green bond attracts funds keen on curve building

The Sydney Opera House and city centre skyline are seen in Sydney, Australia, February 28, 2020. REUTERS/Loren Elliott/File Photo

SYDNEY: Investors are welcoming Australia’s plans to build a sovereign green bond curve following its debut issuance this week, even as questions mount over the nation’s effort to cut carbon emissions.

Australia will price about A$7bil in green bonds maturing June 2034 today, as markets face a deluge of deals to finance projects that provide environmental benefits.