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New bid to make landlords improve energy efficiency in properties

Specialist buy to let lender Paragon has taken the unusual step of issuing a so-called Green Bond to fund attempts to make the private rental sector more energy efficient.

A green bond is a financial instrument raising money specifically for climate and environmental projects; in Paragon’s case, this is a £150m bond, quickly sold out. It is the first UK bank to issue this kind of bond.

 

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