Gianinazzi, VirginiaMeyerhoff, Rebecca Bianca2026-03-162026-03-162025-01-142025-01-14http://hdl.handle.net/10362/201442This thesis examines the role of currency denomination in African Green Bonds, focusing on yield differentials and the presence of Greenium. Empirical analysis reveals no significant evidence of Greenium but confirms a robust currency premium, with Hard Currency Bonds yielding lower rates than Local Currency Bonds. Insights from interviews with DZ Bank and DBSA highlight the importance of addressing default risk, illiquidity, and strategic trade-offs between currencies. While Green Bonds show limited potential to mitigate currency premiums, the findings underscore the need for tailored advisory strategies. DZ Bank is positioned to support sustainable finance growth through active engagement in Africa.engGreen bondsESGAfrican bond marketCurrency denominationSustainable financeFinancial advisingLocal currencyHard currencyGreeniumCurrency riskEmerging marketsAfricaQuantile regressionOLS regressionDZ bankSustainability bondSustainability-linked bondsmaster thesis204132290