In April we reported that South Africa's state-owned Industrial Development Corporation (IDC) was issuing 5.2 billion rand ($595m) of green bonds to fund new renewable energy projects. The South African Government Employees’ Pension Fund had announced they were buying 1 billion rand's worth ($115m).
IDC announced this week that they've completed placement, with a final 1 billion rand ($115m) bought by the Government's Public Investment Corporation.
The IDC has already committed 7.5 billion rand to renewable energy projects, and earmarked a further 17.5 billion rand over the next 5 years - so we may see more green bonds as planning advances.
