The State of Berlin placed its first sustainability bond extremely successfully on the capital market on 06.02.2023. The ten-year bond has a volume of 750 million euros and a fixed coupon of 2.75 percent per annum. The bond will be tradable on the Berlin Stock Exchange from 14 February 2023. The smallest denomination is EUR 1,000. Interest payment dates are 14 February of each year, for the first time on 14 February 2024.
Demand for the sustainability bond was outstandingly high. At its peak, it amounted to more than 5.25 billion euros, which means the bond was oversubscribed seven times. Two thirds of the bond volume went to investors who are considered active in the ESG sector.
The State of Berlin will report both on the final allocation of the issue proceeds to environmental and social projects (allocation report) and on the impact of the projects (impact reporting). Both reports will be published on this website no later than one year after the issue of the sustainability bond.