Hengeler Mueller advises the German Federal Finance Agency on the development of sustainable financing instruments

09. December 2019

In accordance with the decision by the Secretaries of State Committee for Sustainable Development of 25 February 2019, the German Federal Finance Agency has examined in recent months whether issuing green or sustainable German government bonds as part of the envisaged refinancing activity is economically viable. At the end of October 2019, the Federal Republic of Germany has announced that the Federal Government will add a new product to its portfolio of government bonds. As announced by Federal Finance Minister Olaf Scholz, Germany will begin to issue federal bonds the proceeds of which will be used exclusively for ecologically oriented projects. The first issue is expected to take place in the second half of 2020.

Hengeler Mueller advised the German Federal Finance Agency on the development of various structural alternatives for sustainable federal financing instruments. The team included partner Hendrik Haag as well as associate Henrik Gildehaus (both Capital Markets, Frankfurt).