ANZ has launched and priced its first Sustainable Development Goals bond, selling into the European wholesale debt capital markets, and raising €750 million. ANZ Head of Group Funding Mostyn Kau said the issue was in response to growing fixed income investor interest in using the SDGs as an impact measurement for their portfolios.The five-year fixed rate bond was priced at a spread of 15 basis points over the swap rate, with a yield of 0.643 per cent, ANZ said in a statement to the ASX. It was primarily distributed to European institutional investors. ANZ, HSBC, BNP and Barclays acted as joint bookrunners on the transaction.ANZ's head of sustainable finance Katharine Tapley said this bond is the first euro-denominated SDG bond globally.The bank stated that proceeds "are intended to support projects offering broad social, economic and environmental benefits including funding for hospitals, schools, green buildings, clean water, public transport systems or renewable power plants". ANZ has increased the promise made in a previous Climate Change Statement that it will fund and facilitate low carbon and sustainable solutions, lifting its original target of A$10 billion by 2020 to at least $15 billion by 2020.ANZ issued its inaugural A$600 million Green Bond in 2015. At the time it was the largest climate related bond by an Australian issuer. ANZ chief executive officer Shayne Elliott became a signatory of the CEO Statement of Support for the SDGs in 2016. In a 2015 statement, ANZ said it knew some stakeholders viewed the bank's financing of fossil fuel industries as a material risk and in direct conflict with its stated position on the need to reduce greenhouse gas emissions, but added that "around 40 per cent of the world's electricity comes from coal-fired power stations and coal remains the cheapest source of fuel… decarbonisation of the economy must be managed responsibly and over time,"With an gradual and orderly transition in mind, ANZ committed to: •    fund and facilitate at least $10 billion by 2020 to support customers to transition to a low carbon economy, including increased energy efficiency in industry, low emissions transport, green buildings, reforestation, renewable energy and battery storage, emerging technologies (such as carbon capture and storage) and climate change adaptation measures; and•    consider financing new coal fired power plants if they use advanced technologies and higher quality thermal coal to significantly reduce emissions.