A new 20 year bond issued by IFC in Peruvian currency (PEN), PEN 118 million (approximately USD 42 million). AAA, 20 year, zero-coupon with an implied yield of 5.3% p.a.
By Bridget Boulle
In the April-June quarter this year SEB, a Swedish bank, again took the top spot in our Green Bond Underwriters League Table, followed by HSBC, a large global bank, who had a very good quarter, and Credit Agricole CIB.
NRG Yield Operating LLC yesterday announced it had issued a $500 million bond to finance the purchase of the Alta Wind facility in California. It's 10-year corporate bond with a 5.37% coupon. Alta Wind has 947MW of operating wind capacity. NRG Yield is rated Ba1 by Moody's.
Trina’s $150m 3.5% 5yr convertible solar bond
By Rozalia Walencik
Structured Finance Associates partnering with Los Angeles County, has issued an $6.9m PACE bond(Property Assessed Clean Energy bond) with proceeds financing energy efficient improvements to the “d2Dusit constance pasadena” project. Structured Finance worked with Celtic Bank to arrange the funding.
Join us for a presentation and discussion of our Bonds & Climate Change : The State of the Market 2014 report, commissioned by HSBC. Download the report here.
July saw the first “labeled” green bond in the Asian market - from Taiwan’s ASE. Great news.
Analysing the green bond media coverage in July brings an obvious conclusion: the momentum is growing. We now find ourselves in a position of having to heavily filter the coverage for this digest. – and this month we have chosen 28 media stories worth sharing with you.
By Bridget Boulle
UK retailer Sainsbury’s recently announced that it’s joining the green debt space with the first ‘green loan’ to invest in carbon reduction and sustainability projects.
The loan will be used to finance renewables, energy efficiency, water use management and carbon reduction, some of which are part of the company’s Project Graphite – a plan to invest in various technologies such as photovoltaics and LED lighting in their stores.
I’m in Cambodia, visiting the amazing Ankgor Wat, ancient religious centre of a city that apparently had a population of half a million people in 1200 AD. The temple’s bas-reliefs are full of triumphal armies, marching through exquisite carvings of trees and forests. They liked their green.
We haven’t yet seen a lot of green bond action in Asia – just Kexim a year ago – but things may be about to change.
