IFC issues $200 mil Green Bond

The International Finance Corporation (IFC) today launched a US$200 million AAA Green Bond offering, ring-fenced to fund IFC climate change related programs.

The bond follows the footsteps of its sister institution, the World Bank. The World Bank has raised over $1 billion in Green Bonds in recet years.

Settlement date for the IFC bond is 26 April; they may get to $250 mil by then. SEB are the lead manager - they're becoming quite a green bond specialist.

This issue is really a market test for the IFC. If the issue is over-subscribed expect more later in the year.