The green bond market has been the subject of many capital markets headlines this year, from the first issue of green bonds by France, with a record €7 billion sale, at the start of the year to the first Central and Eastern European corporate green bond issuance, the debut €300 million issue by Lietuvos Energija (the Lithuanian state-owned energy company), on which Dentons acted for the issuer. It is clear that what was once a niche market is becoming more mainstream. This article provides an overview of: what a green bond is, recent developments in the green bond market; the Green Bond Principles and their importance to this nascent market; and practical considerations for participants in this market.
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