The European Bank for Reconstruction and Development (EBRD) has issued its largest ever green bond, a US$925 million 5-year Global (SEC Exempt) Environmental Sustainability Bond that will be used to support investment in five areas: energy efficiency, renewable energy, water management, waste management and air pollution prevention, and sustainable transport
EBRD said the issue was increased to US$925 million from the original $500 million target. The final book saw 56 individual investors, of which 17 were new to EBRD.
EBRD first started issuing Green Bonds in 2010 and has since issued 92 bonds totalling €5.2 billion equivalent.Its Green Project Portfolio had reached 356 projects worth a total €4.4 billion based on operating assets in September last year.
Further reading
12 interviews of Christmas: David Casale, Turquoise Investments
Ofgem changes Ofto bidding regime, aiming to increase pool of bidders
Government aims to help drive pension funds towards green investment
SSE issues €600M green bond to refinance onshore wind
Foresight opens smart meter investment fund
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