City of Geneva issues first green bonds

In November 2023, the City of Geneva announced that it had issued green bonds for an aggregate principal amount of CHF 140 million. The issuance is a first for the City of Geneva.

Lenz & Staehelin advised the City of Geneva, acting through its Finance Department, in this transaction. The team included partners François Rayroux (ESG and Asset Management/Capital Markets) and Ariel Ben Hattar (Capital Markets), as well as associate Jeremy Bacharach (Capital Markets).