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Green bonds round-up, 2 May
02 May 2018DTE Electric, an electricity utility based in Detroit, Michigan, has entered the green bond market with a $525 million, 30-year issue. It pays a coupon of 4.05% and was priced at 97 basis points over US Treasuries, giving a yield to maturity of 4.076%. The issue has been rated Aa3, A and A+ by Moody's, S&P Global and Fitch, respectively.
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Lithuania issues first sovereign green bond from Baltics
30 April 2018Lithuania has become the first country in the Baltic region to issue a sovereign green bond. A €20 million ($25 million), 10-year green bond settled today that will be listed on the Nasdaq Baltic Bond List.