The EU has chosen the Luxembourg Green Exchange as the listing location of its first Green Bond as part of the NextGenerationEU stimulus package.
On 19 October, the Luxembourg Green Exchange (LGX) listed the first Green Bond under the EU’s post-Covid NextGenerationEU recovery plan. With a value of €12 billion, it becomes the largest Green Bond ever offered in the world. 11 times oversubscribed, demands exceeded €135 billion.