AfDB issues SEK1bn ($153m) green bond - 5yr, AAA - for African renewables, water, etc

Posted: Feb 21, 2014

The African Development Bank this week tapped its "Green Bond Framework" to place SEK1 billion ($153m) of five year, floating rate bonds with SPP, the wholly-owned Swedish Life Insurance and Asset Management company of Storebrand.

 

Bond Proceeds go to eligible projects under to AfDB’s Green Bond Framework: renewable energy power, biosphere conservation projects, water supply and access, solid waste management as well as energy efficiency projects. They include:

  • Africa’s largest 160 MW Solar Power Plant, Ouarzate I, in Morocco

  • Itezhi Tezhi 120MW Hydro Generation Project in Zambia

  • ONEE Integrated 1100MW Wind/Hydro power plant in Morocco

  • Eskom Sere 100 MW Wind Farm in South Africa

  • Cabeólica 25.5 MW Wind power plant in Cape Verde

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Lead Manager for the placement was Nordea Markets.

 

 

 

 

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