Green Bond Finance and Certification

By Torsten Ehlers, Frank Packer. 2017

289 citations recorded by the source corpus.

How researchers see this paper

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Financing environmentally-sustainable projects with green bonds (2019, result): “Consistent with Zerbib’s results, Ehlers and Packer (2017) confirm that green bond issuers on average borrowed at lower spreads than they did through conventional bonds.”
Do investors in Green Bond market pay a premium? Global evidence (2019, background): “Ehlers and Packer (2017) and Zerbib (2017) also used only investment-grade bonds in their analyses with YS as the measure of credit spread, while Preclaw and Bakshi (2015) and Ehlers and Packer (2017) did not report the methodologies used in their analyses.”
Green bonds for the Paris agreement and sustainable development goals (2019, background): “Both of these studies fall within a growing literature base which finds negative premiums among GBP-aligned green bonds (Preclaw and Bakshi 2015, Ehlers and Packer 2017, Hachenberg and Schiereck 2018), similarly suggesting investors are willing to hold green bonds at a premium.”
Green Bonds, Corporate Performance, and Corporate Social Responsibility (2019, background): “Various scholars have begun to study the definitions and standards [8], issuance and pricing [9,10], and risks and returns [11,12] of green bonds.”