Environmental Finance today reports that the African Development Bank (AfDB) plans to issue a US$500 million AAA green bond in September or October. This would be AfDB's biggest green bond to date; they hope to start presenting to investors in coming weeks.
The AfDB has previously raised about $400 million through green bonds, via a number of small issues in the Japanase domestic Uridashi market.
An arranger has yet to be selected. That's a big opportunity for banks looking to establish their credentials in the space.
