LONDON Oct 11 Dutch state-owned grid operator
TenneT IPO-TTH.AS has issued its fourth green bond, worth 500
million euros ($560 million), for investments in renewable
electricity transmission, it said late on Monday.
The bond, which has a 17-year maturity, brings the amount of
green bonds TenneT has issued so far to 3 billion euros.
The proceeds will be used to finance cable projects which
will help transmit renewable energy from offshore wind farms to
the onshore electricity grid, TenneT said.
Green bonds are a fixed-income security designed to raise
capital for low-carbon or clean energy investments.
($1 = 0.8928 euros)
(Reporting by Nina Chestney; Editing by Adrian Croft)