London Stock Exchange welcomes the UK Government’s Inaugural Green Gilt to the Sustainable Bond Market

Today, HM Treasury and the UK Debt Management Office celebrated the listing of its inaugural green gilt, marking the launch of the UK Government’s Green Financing programme. The issuance raised £10bn for a 12-year green gilt, the largest inaugural sovereign issuance to date.  Today, the green gilt is listed on London Stock Exchange’s Sustainable Bond Market.

The UK will be following up with a second green gilt in October 2021 and green gilt issuance will total £15bn for the financial year 2021/22 as the UK builds out a “green yield curve”.

NS&I will issue its retail Green Savings Bonds in later in the year. These bonds will be the first standalone retail product to be tied to a sovereign’s green bond framework and will allow all UK savers to contribute to the fight against climate change and the Government’s other environmental objectives.

Together, this series of green issuances reaffirms the UK and London as the world’s leading hub for green finance. These instruments will mobilise capital towards sustainable projects that contribute to a resilient future supporting high quality green jobs as part of that transition. This will play a critical role in achieving our net zero strategy and supporting our wider environmental objectives on biodiversity.

The UK Government’s green gilt and green financing framework can pave the way for sterling issuers, creating a benchmark for corporate and sub-sovereign sterling ESG bonds.

HMT and the UK DMO appointed HSBC and JP Morgan as structuring advisors for the UK’s Green Financing programme.

Looking for new and recent issues?

More recent

London Stock Exchange welcomes Tungsten West to AIM

Tungsten West Plc (“Tungsten West” or “the Company”) is a UK based company focussed on recommencing production at the Hemerdon tungsten and tin mine (“Hemerdon” or the “Project”) in Devon, England.

The Hemerdon mine is the world’s third largest Tungsten resource, had over £170m spent on it via the previous operator and has a mine life of 18.5 years. The Company is focused on rebuildin

Learn more
London Stock Exchange welcomes the Republic of Korea’s Sovereign Green Bond to the Sustainable Bond Market

London Stock Exchange today welcomes the Republic of Korea issuing their €700mn -0.053% note due October 2026 to London Stock Exchange’s International Securities Market. The deal was more than 6 times oversubscribed, receiving bids in excess of €4.2bn from over 150 accounts.

The €700mn 5-year tranche is Korea’s debut green bond and it was admitted yesterday to our Sustainable Bond Mar

Learn more
London Stock Exchange Group welcomes TPI Global Climate Transition Centre

The Transition Pathway Initiative (TPI) assesses companies’ progress on the transition to a low‐carbon economy. Led by asset owners, the global initiative is backed by an investor network with $40tn of assets under management or advisement.

The market opening at the London Stock Exchange is being held to mark the announcement of the TPI Global Transition Centre, which will provide fre

Learn more
London Stock Exchange welcomes Castelnau Group Limited to the Specialist Fund Segment to the Main Market

The London Stock Exchange today welcomes Castelnau Group Limited (‘Castelnau’), an investment company established to invest in public and private companies with the aim of outperforming the FTSE All Share Total Return Index over the long term.  The ordinary shares of Castlenau will be listed on the Specialist Fund Segment of the Main Market.</

Learn more