Most mainstream investors like going green as long as they don't have to pay a premium. That reasoning helps explain the crossover success of green bonds, high-grade fixed-income securities whose proceeds fund projects that fight climate change. In February, International Finance Corp., the Washington-based World Bank Group's private sector division, launched its latest green bond offering - at $1 billion, the market's biggest yet.The three-year, triple-A-rated bonds, underwritten by Citigroup, J.P. Morgan and Morgan Stanley, were offered at a yield 15 basis points higher than comparable U.S.Treasuries.
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