Tag: Green Bonds

Iberdrola closes its largest issue of green bonds in sterling for 15 years with strong support from investors

Stuart Mitchell

Iberdrola continues to diversify its sources of financing. The company, chaired by Ignacio Galán, has issued 12-year green bonds for 500 million pounds (600 million euros). This is Iberdrola’s largest issue in sterling since 2009. The company last issued a bond in Sterling in 2019, through its subsidiary Scottish Power Transmission. In addition, it is its first green bond Iberdrola has issued in sterling. Iberdrola becomes the only European utility able to access EUR, GBP and CHF in 2024. Demand exceeded 2.1 billion pounds (2.5 billion euros), and this has…

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E.ON successfully issues €1.5 billion of green bonds to prefund for 2024

Stuart Mitchell

E.ON successfully issued two bond tranches with a combined volume of €1.5 billion backed by a combined peak orderbook of €4.3 billion: €750 million green bond maturing in March 2029 with coupon of 3.75% €750 million green bond maturing in August 2033 with coupon of 4.00% E.ON CFO Marc Spieker said, “The high demand from investors underlines again that we are on the right track with our strategy, which is focused on sustainability, digitalization and growth. E.ON is determined to drive forward the energy transition in Europe. We want to invest a…

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Apple’s $4.7B in Green Bonds support innovative green technology

Stuart Mitchell

Investments from Apple’s $4.7 billion in Green Bonds have helped jump-start the development of new low-carbon manufacturing and recycling technologies, the company announced today. Apple has issued three Green Bonds since 2016, with projects showcasing how the investments can reduce global emissions and bring clean power to communities around the world. As part of this work, Apple is purchasing direct carbon-free aluminium following a major advancement in smelting technology to reduce emissions. The aluminium is the first to be manufactured at industrial scale outside of a laboratory without creating any direct carbon emissions…

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Record Month Shoots Green Bonds Past Trillion-Dollar Mark

Stuart Mitchell

Green bonds have passed their biggest milestone yet, with more than $1 trillion issued since these securities first emerged in 2007, according to research company BloombergNEF (BNEF). They are the longest standing and most heavily used instrument in the sustainable debt market, which covers a range of fixed-income products offering environmental and social benefits. More than $200 billion worth of green bonds – which are used to finance the pursuit of environmental projects and activities, from wind farms to wastewater management – have been issued in 2020 thus far. This…

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