HSBC Global Asset Mgmt, IFC Fund Raises $474M For Climate Action in Emerging Markets

HSBC Global Asset Management and IFC, a member of the World Bank Group, have announced the third closing of the HSBC Real Economy Green Investment Opportunity GEM Bond Fund (REGIO), which has raised $474 million of new financing to support climate mitigation investments across emerging markets in spite of prevailing market turmoil. Emerging market countries have been hit by some of the worst impacts of climate change and many are insufficiently equipped to address them. REGIO is designed to attract investments into these economies, enabling their energy transition and helping…

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