Austria hires banks to sell first-ever green bond

The bond, maturing on May 23, 2049, will be "prices in the near future, subject to market conditions," the memos said, a phrase debt management offices typically use a day before a sale. European governments have shown strong interest in issuing green bonds, which finance environmentally friendly projects. Germany, Britain, Italy, Spain and the European Union have issued their first green bonds in the past two years.