Hear from market experts how green bonds can finance low carbon and climate-resilient infrastructure across a group of municipalities
Pooled Green Bond Financing for Municipalities webinar
17 December – Monday
1PM CET / 2PM GMT / 09:00 EST
Cities and green finance
Cities and urban infrastructure are at the centre of climate change action. Although issuance of green bonds from municipalities has been growing, most cities in the world do not have access to capital markets or do not have a sufficient pipeline of projects to issue a benchmark size bond.
Are PFMs a solution
Pooled financing mechanisms (PFMs) enable cities to cooperate on financial issues and borrow jointly from capital markets at advantageous terms. Green bonds can be raised through PFMs to finance low carbon and climate-resilient urban projects for public transport, water networks, waste management systems, renewable energy and energy efficiency.
Join us for an online session together with international local and regional government alliance FMDV, and Sweden’s Local Government Funding Agency and repeat green bond issuer Kommuninvest on pooled green bond financing for cities.
We will explore how PFMs can mobilise private financing for urban infrastructure, reduce project costs, and enhance creditworthiness and project quality.
17 December, Monday
14:00 GMT / 15:00 CET / 09:00 EST
Duration: 1 hour
Björn Bergstrand, Kommuninvest
Jean-François Habeau, FMDV
Diletta Giuliani, CBI
Who should register
Treasury and finance representatives from municipal bodies, representatives of municipal associations, local government funding and DCM specialists, other city-related officials and other stakeholders interested in learning more about city/muni financing and sustainable finance.
The Global Fund for Cities Development (FMDV) is an international alliance of local and regional governments. It works closely with central, local, metropolitan and regional governments (LMRGs), supranational institutions, and their public and private partners to support access to the necessary financial resources to finance their urban development projects.
Over the past two years, FMDV has mobilized or collaborated with more than 1,300 cities and regions from more than 110 countries, 250 private companies and most of the technical and financial partners in local development. FMDV is a initiative by the United Cities Local Governments (UCLG).
Kommuninvest is the Swedish Local Government Funding Agency, an entity wholly owned by Swedish member municipalities, issuing bonds and on-lending the proceeds to its member.
Kommuninvest is the largest issuer of green bonds in Sweden, with five green issues to date, most recently a SEK 3 billion transaction in October 2018.
‘Till next time,
P.S.: Want to know more?