DEAL: France’s first sovereign green bond

Author: Lizzie Meager | Published: 23 Feb 2017

The French government has provided the green bond market with some much-needed liquidity with its inaugural record-breaking €7 billion ($7.5 billion) deal.

With the aim of setting a new, higher standard, it's different from the corporate green bonds many French companies have already issued in that a large part of the proceeds will be used for tax credits. "There's a lot more private finance in infrastructure now and this deal, which supports subsidies given by the government rather than funding direct public investment in these projects is...