Telcos raise more than €1.3 billion in green bonds for energy efficiency
Ericsson and Telefónica issuances suggest that appetite is strong for bonds linked to sustainability performance.
Telco giants Ericsson and Telefónica are betting on green bonds to finance their energy transition, and together have raised more than €1.3 billion in the past week.
Ericsson today issued its first sustainability-linked bond for €500 million with a maturity of four and a half years, saying the proceeds will be used exclusively for energy efficiency investments. Meanwhile Telefónica closed this year’s third green bond issuance last week with a 10-year, €850 million transaction, which will also be allocated to energy investments.
