Hogan Lovells helps launch EU Global Green Bond Initiative

Press releases | 01 May 2026

Hogan Lovells are delighted to have played a role in the formation of the Global Green Bond Initiative (GGBI) Fund, launched by the European Union and seven partner development finance institutions, in partnership with Amundi, Europe’s largest asset manager, as the fund manager.

The GGBI Fund is a new public-private investment tool to mobilise up to €20 billion of private capital for sustainable infrastructure projects in low and middle-income countries. It aims to unlock up to €3 billion in green bonds in partner countries and help finance activities that support climate and environmental goals. The fund will invest exclusively in green bonds issued in primary markets, prioritising first-time issuers like governments, local authorities and businesses.

Hogan Lovells advised the European Commission in providing credit protection to a consortium of DFIs via the European Union’s EFSD+ Guarantee Agreement. The DFI consortium comprised the European Investment Bank (EIB) and the European Bank for Reconstruction and Development (EBRD), together with national institutions being the Spanish Agency for International Development Cooperation (AECID), the Italian Development Bank Cassa Depositi e Prestiti (CDP), the Dutch Entrepreneurial Development Bank (FMO), the German Development Bank KfW, and the French DFI Proparco.

The Hogan Lovells team was led by banking partner, Andrew Taylor supported by senior associate Simon Cowell. Funds partner Jeremy Pickles provided specialist input alongside associate Bradley Weller.

For further detail the European Commission’s press release can be found here.