Clear greeniums evident in SSA bond universe

Greenium spread of comparable bonds from agency and government issuers

KFW - German Development Bank bond
OBL - German short-term bond (bobl)
DBR - German long-term bond (bund)
BGB - Belgian government bond

Greenium is calculated as the spread between the z-spreads of the green bond and its nominal comparator bonds (either twin in Germany or an average of near-neighbour issues).
Source: Bloomberg, BNP Paribas