January 4, 2019 / 11:41 AM / 14 days ago

EBRD issues 600 mln euro green bond

LONDON, Jan 4 (Reuters) -

* The European Bank for Reconstruction and Development (EBRD) has issued a five-year 600 million euro ($685 million) green bond, it said on Friday.

* Green bonds are a category of fixed-income securities that raise capital for projects with environmental benefits.

* The EBRD said the transaction represents its inaugural benchmark green bond in the euro market and its fourth benchmark-sized green bond.

* The proceeds of the EBRD’s green bonds support a portfolio of projects in the areas of energy efficiency, renewable energy, water management, waste management, air pollution prevention and sustainable transport. ($1 = 0.8764 euros) (Reporting by Nina Chestney Editing by David Goodman)

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