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Barclays raises 400 mln stg through green bond issuance

Credit: REUTERS/Toby Melville

Barclays Bank has raised 400 million pounds ($521 million) through a green bond issuance, which will be used to finance or re-finance mortgages on energy efficent residential properties, the bank said on Wednesday.

LONDON, Oct 28 (Reuters) - Barclays Bank BARCR.UL has raised 400 million pounds ($521 million)through a green bond issuance, which will be used to finance or re-finance mortgages on energy efficent residential properties, the bank said on Wednesday.

The green bond, which matures in 2026, attracted strong institutional investor interest and was over-subscribed five times, the bank said.

Green bonds are used to finance clean energy and environmental projects such as wind farms and low-carbon transport.

The green bond is Barclays' second. The first was issued in 2017 and funded domestic residential mortgage assets.

($1 = 0.7673 pounds)

(Reporting by Nina Chestney; Editing by Kim Coghill)

((nina.chestney@thomsonreuters.com; +44 (0) 020 7513 5674; Reuters Messaging: nina.chestney.thomsonreuters.com@reuters.net))

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