EdenTree's David Katimbo- Mugwanya has urged HM Treasury to pull the trigger on issuing the UK's first green gilts, with the manager readying himself to participate in the issuance of long-dated bonds of this kind for inclusion in the EdenTree Responsible and Sustainable Sterling and Short Dated bond funds.
In November 2020, Chancellor Rishi Sunak confirmed the UK would move ahead with the country's first sovereign green bond in 2021, entering a market with issuances currently dominated by the European Union. Katimbo-Mugwanya said EdenTree had been among the investors "urging the government" to do this and continues to maintain conversation with officials regarding the timing and nature of green gilt issuance. "Having had a chat with the Debt Management Office (DMO), the DMO is quite happy to get it done," he explained. "It is more or less down to the Treasury to make the call." Kati...
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