Arendt advises Amundi Asset Management on structuring and launch of €3 billion Global Green Bond Initiative Fund

Experts involved in the Deal

Arendt advised Amundi Asset Management in connection with the structuring and launch of the Global Green Bond Initiative Fund (the GGBI Fund), one of the largest blended finance vehicles globally and one of the three pillars of the Global Green Bond Initiative, a flagship of the EU’s Global Gateway strategy. The fund held its first closing on 24 April 2026 in Brussels. Amundi, Europe’s largest asset manager, was appointed as investment manager of the fund. Arendt supported Amundi throughout the process with a cross-practice team covering fund structuring, regulatory, finance and tax matters.

The GGBI Fund is structured as a public-private investment vehicle and has a target size of €3 billion. It is designed to channel institutional capital into primary green bond markets in EU partner countries, with a particular focus on emerging markets and developing economies. It mobilises approximately €1 billion in equity from a consortium of cornerstone investors comprising multilateral and bilateral development finance institutions led by the European Investment Bank (EIB), alongside the European Bank for Reconstruction and Development (EBRD) and development banks from Spain, Italy, the Netherlands, Germany and France, and seeks to raise up to €2 billion in notes from European and international private investors. The cornerstone investors benefit from credit protection provided by the EU Commission through its European Fund for Sustainable Development Plus (EFSD+) Guarantee.