The London Stock Exchange congratulates The Republic of Chile for the issuance of the world’s first sovereign Sustainability-Linked Bond
Congratulations to The Republic of Chile for issuing the world's first sovereign sustainability-linked bond, a $2bn 4.35% note due March 2042 listed on the London Stock Exchange’s International Securities Market and Sustainable Bond Market. The milestone bond was received bids from a wide investor base diversified by both type and geography.
The bonds framework is grounded by Chile’s commitment to the Paris Agreement, featuring both a carbon emissions and renewable energy KPI. More specifically the bond is tied to the commitments that Chile emits no more than 95 metric tons of carbon dioxide and equivalent annually by 2030 and that 60% of electricity production be derived from renewable energy by 2032.
Chile issued its first green bond on the London Stock Exchange in 2019 and has since raised over £21bn equivalent in green, social, sustainability and sustainability-linked bonds on our Sustainable Bond Market. As of today, they have raised the largest amount of capital on the SBM and the only sovereign globally to have issued green, social, and sustainable bonds.
Source: The London Stock Exchange congratulates The Republic of Chile for the issuance of the world’s first sovereign Sustainability-Linked Bond - Welcome Story At London Stock Exchange | London Stock Exchange