EBRD launches third environmental bond

The European Bank for Reconstruction and Development (EBRD) has launched its third environmental sustainability bond, bringing its total issuance since December 2010 to €29 million ($41.4 million). As with previous bonds, they're aimed at the Japanese retail market.

The bond proceeds are “specifically earmarked to support a portfolio of ‘green’ projects".  Apparently a fourth green bond will be launched in the "near future".

See the full story at Environmental Finance.