Generali to Issue First Green Bond
September 16 2019 - 7:43AM
Dow Jones News
By Dieter Holger
Italy's Assicurazioni Generali SpA (G.MI) said Monday it will
issue its first green bond on the Luxembourg stock exchange on
Sept. 23.
Generali--the third-largest insurance company in the world--said
its inaugural 11-year green bond will finance or refinance projects
including green buildings, renewable energy, water management and
recycling.
The bond will mature in October 2030, while the
yield-to-maturity rate and the size of the bond will be set when
the bond lists next week, a Generali spokesman said.
"Generali is convinced that the financial industry has a key
role to play in the transition to a low carbon economy and is
willing to contribute to the development of a sustainable financial
market," the spokesman said.
Write to Dieter Holger at dieter.holger@dowjones.com;
@dieterholger
(END) Dow Jones Newswires
September 16, 2019 07:28 ET (11:28 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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