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CORRECTED-Germany hires banks for first ever green bond sale - finance agency

·1 min read

(Corrects maturity of bond to Aug. 15 2030, not Aug. 14 in final paragraph)

AMSTERDAM, Sept 1 (Reuters) - Germany hired a syndicate of banks on Tuesday to sell its first ever green bond, according to a finance agency spokeswoman.

The euro zone's benchmark bond issuer has hired Credit Agricole, Barclays, Commerzbank, Deutsche Bank, JP Morgan and UniCredit to manage the sale of the bond, whose proceeds target environmentally beneficial expenditures, spokeswoman Alexandra Beust said.

Germany's first 10-year green bond will be launched in the near future, she said, a phrase debt management offices usually use a day before a sale is launched.

The bond will be issued as a 'green' twin to Germany's outstanding Aug. 15 2030 bond, as announced recently. (Reporting by Yoruk Bahceli; Editing by Dhara Ranasinghe)