Germany’s MBB Clean Energy AG last week raised a 6 year, €72 million ($94.6m), saying it would invest the proceeds in 1,500 MW of existing wind and solar power plants. Coupon was 6.25%. The bond will be listed on the Frankfurt Stock Exchange. Bookrunner was Donner & Reuschel AG.
Interesting to see Ashley Schulten from BlackRock ($3.8 trillion under management) come out and say in last week’s Institutional Investor that “The market is searching for the Good Housekeeping seal of approval for what constitutes green bonds.” Absolutely.
Environmental Finance this week broke the story of the first certification under the Climate Bond Standard (we were going to announce it eventually, but cat's out of the bag now). The wind bond, which, as the article said “is set to be issued by an as-yet-unidentified bank later this year”, was verified by DNV Kema.
Had a chance to catch up with folks at new NY State Green Bank recently – they’re recruiting a Bank President who would report to CEO Richard Kauffman. Kauffman seems to understand very well how to mobilize the private capital NY needs, and we're expecting great things; being Bank President there would be a very exciting job, so if you know someone that fits the bill ...
