Australia's landmark A$7bn bond issuance to propel green projects

Investors from Asia and Europe were on the oversubscribed deal, which was managed by Commonwealth Bank of Australia, Deutsche Bank, NAB, UBS and Westpac. Proceeds will be used for projects such as hydrogen hubs.

The Commonwealth of Australia has issued its inaugural billion green bond at A$7 billion ($4.66 billion), working with the Australian Office of Financial Management (AOFM). The 10-year bond will mature in June 2034 and investors came in from Australia, Asia, Europe and North America.

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