Tag: Green Bond

Climate Action leader AIB raises €650 million in its sixth green bond issuance

Stuart Mitchell

AIB recently raised €650 million of Tier 2 sub-ordinated bank capital. This is the second green capital issuance by AIB, and its sixth green bond in total. The proceeds will contribute to the financing of projects with clear environmental and climate action benefits while further strengthening AIB’s capital position. The investment required to finance the global transition to a low carbon economy will need to increase to about $9 trillion a year to 2030 according to estimates from the Climate Policy Initiative. In the case of Ireland, the International Monetary…

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RWE successfully issues its first inaugural US dollar green bond, marking a significant step into US debt financing

Stuart Mitchell

RWE successfully placed its first green US dollar bond with a total volume of US$2 billion. The bond was issued in two tranches of US$1 billion with 10-year tenor and US$1 billion with 30-year tenor, respectively. For the first tranche, the yield-to-maturity amounts to 5.926%, based on a coupon of 5.875% p.a. and an issuance price of 99.619%. For the second tranche, the yield-to-maturity amounts to 6.261%, based on a coupon of 6.250% p.a. and an issuance price of 99.852%. The issuance was met with strong interest from investors and…

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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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