Climate Transition Spurs Biggest-Ever Corporate Green Bond Deal

The green bond market is roaring back to life with the biggest-ever corporate sale, pulling in investors starved of ethical debt during this year’s market turmoil.

Dutch power company TenneT Holding BV sold3.85 billion euros ($4.06 billion) of green debt across four maturities Tuesday, to fund greener electricity grids across Europe. It’s the largest deal for the environmental debt from a company, topping previous efforts from Honda Motor Co.and Engie SA, according to data compiled by Bloomberg.

“This is a company that is at the heart of the energy transition in Europe,” said Arthur Krebbers, NatWest ...