The British Crown Estate today issued its inaugural £20m ($35m) green bond, the UK’s third green bond following green bonds from Unilever and Big60Million. The bond has a 1.4% coupon and 15 year tenor.
Climate Bonds Blog
Posted: Apr 1, 2015
April Fools': A Royal Green Bond! British crown estate issues inaugural green bond after pressure to focus on climate from green fingered Prince of Wales. £20m ($35m), 1.4%, tenor 15yr
Posted: Mar 30, 2015
31 March - Paris: I'll be at the Climate Finance Forum: Sharing Solutions in Developing Countries – event organised by the International Development Finance Club (IDFC).
Talks coming up: Amsterdam 9th Rabo GB Roundtable / WDC 15th & 16th UNEP & EIB-WBk / Dubai 22nd World Green Econ Summit / Brussels 27th Mobilizing Prvate Capital seminar / London 29th Global GB Forum
Posted: Mar 27, 2015
Munich-based bank, Münchener Hypothekenbank eG has EUR 35.7 billion (US$53 billion) as of June 30, 2014 of assets under management and has the biggest mortgage cover pool of all German Pfandbrief issuers.
Last year the bank issued a highly successful EUR 300m esg covered bond (ESG Pfandbrief). The bank has indicated its interest in also issuing Green Covered Bonds for low-emission housing.
Rafael Scholz, Head of Treasury at MünchenerHyp, said:
German bank MünchenerHyp becomes a Climate Bonds Partner; signals that Green Covered Bonds are coming your way
Posted: Mar 26, 2015
Development bank issuance
EIB taps their 2026 Climate Awareness Bond for a further EUR 250m ($274m), coupon 1.25%, AAA
Wkly blog: 1st recycling #GreenBond from France’s Paprec, another 1st #GreenBond from Swedish Wallenstam for wind+hydro; + Australian Hallett Hill wind project bond met with huge demand! + more repeat issuance from EIB, EBRD & World bank
Posted: Mar 25, 2015
Last night, in a room full of people at Renmin University’s Chongyang Institute in Beijing, including journalists from Xinhua News, the People’s Daily and the China Economic Daily, we launched our new report Growing a green bonds market in China: key recommendations for policymakers in the context of China’s changing financial landscape.
Beijing launch of policy-maker recomms for Growing #GreenBonds Market in China + 5 Step How-to Issue a GB. Reps from PBoC, CBRC, MEP, NAFMII & more participate. China GB Mkt Dvlpt Cttee to follow up recommendations. First officially sanct
Posted: Mar 24, 2015
On 9 April I'm chairing a Netherlands Green Bonds Roundtable for investors and issuers, hosted by Rabobank. Venue is Artis Royal Zoo in Amsterdam.
Netherlands Green Bonds Roundtable 9 April, hosted by Rabo, in Amsterdam. Keynote from former PM of Netherlands
Posted: Mar 22, 2015
The Diaoyutai State Guesthouse is a high security green oasis in the West of Beijing, where foreign leaders are housed when visiting China. Over the past three days the Chinese State Council (Cabinet Office) Development Research Centre have been holding its annual China Development Forum there. An amazing gaggle of multinational CEOs, Chinese Government leaders and luminaries like Henry Kissinger, Jeffrey Sachs and Joseph Stiglitz have been presenting their views on issues and prospects for China and the world.
Landmark “Greening China’s Financial System” synthesis rpt, incl. green bonds, launched at State Council DRC's 2015 China Dvlpt Forum by former DRC VP, CEO of Mizuho Bank & CBRC Deputy DG
Posted: Mar 19, 2015
In October last year, the Agriculture, Forestry and Other Land Use (AFOLU) Technical Working Group was set up to develop eligibility criteria for climate bonds linked to these sectors that can be certified under the Climate Bonds Standard.
Early last month, the second arm of the Standard development for AFOLU was launched with the first meeting of the AFOLU Industry Working Group charged with ensuring that proposals developed by the Technical Working Group are practical, easy to use and applicable across a number of key investments areas under the sector.
Agriculture & Forestry Industry Working Group launched. Big businesses and banks tasked with advising on practicality of the Climate Bonds AFOLU Standard developed by the Expert Technical Committee.
Posted: Mar 19, 2015
Next Tuesday in Beijing at the Establishing Green Bond Market in China workshop we will be launching a white paper outlining the key recommendations for Chinese policymakers on how to grow the green bonds market in China as well a Green Bond issuance guide (look out for the release on Tuesday!).
The afternoon workshop is invitation only, but the evening lecture is open to everyone interested - if you're in Beijing, please do join us. You don't need to register!
Invitation: Beijing 24 March 19:00 - lecture & launch of our "Growing a Green Bonds Market in China" white paper + "How-to issue a Green Bond in China" guide
Posted: Mar 18, 2015
This week saw the first labelled green bond from the Asian Development Bank (ADB), which marks an important step forward from a leader in the Asian market. Pure-play wind power company Vestas closed its inaugural labelled green offering - important because it opens the door to other pure-play companies that have the potential to issue green. Another green guarantee was issued by OPIC with proceeds funding a wind project in Pakistan.
Although not included in our green bond universe, we also comment on the latest thematic offering with a green aspect from the German state North Rhine-Westphalia. They have issued a sustainability bond with 41% proceeds going toward green projects.
Wkly Update: 1st labelled GB from ADB ($500m, 10yr) a hit with Asian investors / 1st GB frm pure-play wind co Vestas: EUR 500m ($527m, 7yr)/ OPIC $46.5m (10yr) guarantee for wind/Bangchak’s ‘GB’ still a question mark - no public details confirmed