EIB taps yet another 6yr EUR250m climate bond + issues 4yr ZAR250m ($70m) + does a 25yr, Y5bn ($50m) Green Samurai. Who says Luxembourg is a sleepy place?

The European Investment Bank has been busy. A fortnight ago they "tapped" (see our recent post for what that means) their 2013 six year Climate Awareness Bond for another EUR250 million. Underwriter was Deutsche Bank.

 

Then last week they tapped their 4 year South African Rand (ZAR) Climate Awareness Bond for another ZAR 250m (EUR 17 million), bringing the total for the bond up to ZAR 1 billion (EUR 67 million). Lead managers were Citi and Morgan Stanley.

Today they announced they've issued a 25 year Green Samurai (doesn't that sound so cool?). That's a Japanese Yen denominated climate bond: JPY 5 billion ($50 million), a coupon of 3% during the first year and then "linked to the JPY/AUD foreign exchange rate". This is their first yen bond; that makes eight currencies they have issued bonds in. Lead manager was Daiwa Securities.

Proceeds for all these bonds are earmarked for renewable energy and energy efficiency projects. Year to-date, Climate Awareness Bonds have raised over EUR 1.5 billion equivalent. Check out their 2013 Climate Awareness Bond annual report, published late February.