Alteo Launching Green Finance Framework
Listed energy company Alteo announced yesterday that it has developed and set up its own green finance framework, reviewed by Deloitte as an external expert, according to an announcement on the website of the Budapest Stock Exchange.
This will enable the company to issue green bonds and take out green loans, subject to sustainability goals.
According to Erste analysts, the move is positive, as there is considerable interest in green bonds.
Additionally, a green bond issue may attract a larger group of investors in the future, which is likely to reduce pricing, with a yield level that is about 10-30 basis points lower than compared to a non-green bond issue.
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