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Germany starts sale of 30-year green bond - lead managers

·1 min read

May 11 (Reuters) - Germany started the sale of a 30-year green bond on Tuesday, according to memos from two lead managers seen by Reuters.

Guidance on the bond, due Aug 15 2050, is one basis point below its conventional twin, an outstanding bond with the same maturity, according to the memos, meaning that investors are expected to pay a premium for the green bond.

The 30-year green bond, the first such sale this year, will extend Germany's green yield curve following the issuance of an inaugural 10-year green bond last September and a five-year issuance in November.

Germany hired BofA, BNP Paribas, Citi, Commerzbank, DZ Bank and HSBC for the sale on Monday. (Reporting by Yoruk Bahceli Editing by Rachel Armstrong)