Big banks go green with new bond guidelines

Banks including BAML, JP Morgan and Citi have backed a new set of principles aimed at standardising the process for issuing green bonds

A group of the world's largest investment banks has thrown its weight behind a new set of guidelines aimed at spurring investment in green bonds – a market which reopened this week with the pricing of a €350 million climate awareness bond.

Bank of America Merrill Lynch, JP Morgan, Citigroup and Crédit Agricole Corporate and Investment Bank sat on a drafting committee for the voluntary guidelines on the recommended process for the development and issuance of green bonds.

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