Tag: Green Bond

IFC Issues CAD 1 Billion Green Bond to Fund Climate Friendly Projects in Emerging Markets

Stuart Mitchell

IFC issued a benchmark three-year green bond, raising 1 billion Canadian dollars, to unlock private investment to support climate-friendly projects in emerging markets.  The proceeds of the bond will finance eligible projects under IFC’s Green Bond Framework, including renewable energy, energy efficiency, green buildings, clean transport, and biodiversity conservation, ocean and water protection. The trade attracted orders over 1.5 billion Canadian dollars, generating strong interest from a broad range of investors from around the world, including central banks, official institutions, bank treasuries and asset managers. “The CAD 1 billion trade…

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Intel Allocates $425 Million of Green Bond Proceeds

Stuart Mitchell

Intel has allocated $425 million, or approximately 34%, of its inaugural $1.25 billion green bond proceeds. As highlighted in its first green bond impact report, the proceeds, which support Intel’s investments in sustainable operations, have been allocated across five project categories: pollution prevention and control, water stewardship, energy efficiency, renewable energy, and circular economy and waste management. “Intel’s first-ever green bond is an important way to advance our corporate responsibility efforts. Through these investments, we have made significant progress in reducing greenhouse gas emissions, conserving energy, reducing water use and managing our waste…

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Masdar launches first US$750 million 10-year Green Bond

Stuart Mitchell

Abu Dhabi Future Energy Company PJSC – Masdar announced the successful completion of its first green bond issuance for US$750 million 10-year senior unsecured Notes today. There was exceptionally strong appetite from regional and international investors with the orderbook peaking at US$ 4.2bn, i.e. oversubscription of 5.6x. Pricing tightened 35bps between launch and final terms, with a final landing spread of 115bps over US Treasuries and a coupon of 4.875%. Allocation was finalized with a split of 87.5% to international investors and 12.5% to MENA investors. The debut green bond…

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Pinsent Masons advises IFC on landmark investment in Mongolia’s first ever green bond issuance

Stuart Mitchell

Multinational law firm Pinsent Masons has advised International Finance Corporation (IFC) on its investment in Mongolia’s first ever green bond issuance. The firm advised on IFC’s investment, alongside Dutch entrepreneurial development bank, FMO, and US-based microfinance investor, MicroVest Capital Management, in Khan Bank’s US$60 million issuance of five-year green bonds.     Khan Bank, Mongolia’s largest commercial financial institution, will use funds raised by the issuance to grow its climate portfolio by funding projects that support renewable energy, energy efficiency, climate-smart agriculture, and sustainable building and mobility. IFC’s investment supports Mongolia’s…

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Landsec announces New Green Bond

Stuart Mitchell

Following the publication of Landsec’s updated Green Financing Framework, its wholly-owned subsidiary, Land Securities Capital Markets PLC, announces the launch and pricing of its inaugural £400m Green Bond with a maturity of 9.5 years, paying a coupon of 4.875%, subject to final legal documentation. The transaction further enhances Landsec’s financial capacity and flexibility, building on an already strong position. Coupled with a pipeline of central London and mixed use development opportunities that offer excellent optionality, the transaction leaves Landsec extremely well placed to continue delivering against its strategy in the…

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