Denmark Sells First Sovereign Bond With EU Green Label (Correct)

Denmark drew more than 12 billion kroner ($1.9 billion) of orders for a new green bond, almost twice the deal size, in the first sovereign debt sale aligned with the European Union’s new standards.

The country’s debt sale marks a milestone in the bloc’s push to tighten environmental standards. Proceeds will fund projects ranging from renewable energy and sustainable transport to land conversion and nature restoration.

The so-called EU Green Bond Standard (EuGB) was agreed in 2023 and approved for use at the end of last year. While voluntary, it’s billed as the bloc’s “gold standard.” It requires proceeds to ...