Governments are selling more green bonds so as to tackle climate change and to provide finance for sustainable growth and investment. Investors based in France, for example, accounted for 19pc of demand compared with an average of 8pc over the past 10 NTMA sovereign debt sales. "The result of our inaugural syndication of a Sovereign Green Bond last year means that this type of instrument will likely be a key element of our strategy," a spokesman said. France's first sovereign green bond for €7bn in 2017 remains the largest issue and DBRS said it expects the Netherlands to come in at €4bn-€6bn. European financial institutions were the leading green bond issuers last year and the euro was the top currency.

Source: Irish Independent April 02, 2019 01:30 UTC