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German development bank KfW has priced the €3 billion ($3.4 billion) green bond it announced earlier this week (LINK), setting the coupon for the eight-year deal at 0.01%.

The potential issuance of a sovereign green bond by Germany has been welcomed by one of the market’s leading lights.

German state-owned promotional bank Kreditanstalt für Wiederaufbau (KfW) has expanded its green bond framework to include energy-efficient buildings and said it planned green bond issuances of €5-6 billion ($5.62 billion) in 2019.

Southeast Asian governments, the Asian Development Bank (ADB), and major European development banks have joined forces to launch a blended finance facility that aims to invest more than $1 billion in green infrastructure across Southeast Asia.

BNP Paribas has returned to the green bond market, with a €750 million ($850 million) transaction.

The European Bank for Reconstruction and Development (EBRD) has issued its first EUR-denominated green bond, worth €600 million ($684 million).

Total green bond issuance has smashed through the $500 billion barrier, marking a significant milestone for the 11-year-old market, data from Environmental Finance’s database reveals.

Royal Schiphol Group, the owner of Amsterdam's Schiphol airport, has priced a green bond worth €500 million ($576 million), making it the first European airport to issue green-labelled notes.

The European Investment Bank (EIB), Agence Française de Developpement (AFD) and Germany’s KfW are joining forces to support an initiative that they hope will ‘crowd-in’ private capital to reduce plastic pollution of the oceans.

While sustainable finance hasn't reached the core business of Germany's financial institutions, the topic has attracted attention of the majority of its C-suite, a report claims.