FYI: It seems green bonds, sometimes referred to as climate bonds, are becoming ever so popular by the day with issuance tipped to reach record levels in 2019. However a French railway firm has notched industry trend setting way up the charts by launching the world's first 100-year green bond.
Societe Nationale des Chemins de Fer Réseau (SNCF Réseau), France's state-owned railway network management firm, which has already raised €2.8 billion ($3.10 billion) in green bonds in 2019 alone, confirmed Friday (August 23) that it has launched its 100-year product.
The near €100 million in book value raised would be used to finance green projects meeting its eligibility criteria for improvement, maintenance and "energy optimization" of railways. Some of the funds would also be allocated to sustainability components of new route and track extensions, the company said.
Regards,
Ted
https://www.forbes.com/sites/gauravsharma/2019/08/23/ever-thought-of-a-100-year-green-bond-french-railway-firm-is-pitching-the-worlds-first/#7216c2f7c883
