Bond Issuers Can Save 25 Basis Points by Going Green, Citi Says

Issuers of debt for environmental, social and governance purposes can save as much as 25 basis points in financing costs because of insatiable demand, according to Citigroup Inc.

• “The green bond is actually pricing through an issuer’s non-green curve,” said Philip Brown, Citi’s head of public sector debt capital markets. “This can be anything from 15 basis points to 20 basis points, even 25 basis points”
  • “This is probably here to stay because investors want this product,” Brown said at Citi’s Financing A Greener Planet event Monday
• Portfolio rebalancing amid rising Treasury yields presents an opportunity for investors...