The potential observation of greenium in the Nordic bond market
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Abstract
Abstract
This thesis investigates the impact of investors return on green bonds in the Nordic bond market. We utilize a dataset consisting of 1246 bonds in the Nordic region over the period of January 1, 2014 – December 31, 2020. Regarding the impact on investors return on green bonds, we could not find statistically evidences that green bonds are issued at a premium in comparison to similar conventional bonds. We conclude that there is no observation of any greenium in the Nordic bond market.
Keywords: Greenium, Bonds, Green bonds, Nordic bond market, Sustainable finance, Asset management