11 May 2015

Transport for London Issued a $596m Green Bond to Fund Low-Carbon Transport

Transport for London (TfL), a public-private partnership responsible for London’s massive transport network, has issued a £400m ($596m) green bond. The bond has 10-year tenor and a coupon of 2.125%. The bond was rated AAA by S&P. Underwriters were Bank of America Merrill Lynch and Deutsche Bank.

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