Green bond issuance: Denmark's split offering

Participants

  • Dion Bongaerts
    Role: Faculty
    Reference type: Referenced
  • D. Schoenmaker
    Role: Faculty
    Reference type: Referenced

Media outlets

  • IPE.com (Online)

Description

An article in which Dion Bongaert's and Dirk Schoenmaker's research on green bonds is mentioned. The research proposed unbundling green bonds into a standard bond and a green certificate to take care of the green earmarking of bond revenues. In The Next Step in Green Bond Financing the academics wrote that while green bonds let issuers capture a clientele-induced yield discount, they fragmented bond issues, which was bad for liquidity and came at the expense of expected returns.

An article in which Dion Bongaert's and Dirk Schoenmaker's research on green bonds is mentioned. The research proposed unbundling green bonds into a standard bond and a green certificate to take care of the green earmarking of bond revenues. In The Next Step in Green Bond Financing the academics wrote that while green bonds let issuers capture a clientele-induced yield discount, they fragmented bond issues, which was bad for liquidity and came at the expense of expected returns.