That's up from just under $11bn in the whole of 2013.
Climate Bonds Blog
Posted: Jun 12, 2014
Alert: we're about to hit $20bn of green 'labeled' bonds issued this year; we're at $19.67bn as of today. Just thought you might like to know.
Posted: Jun 5, 2014
Big news for the green bonds market with the issuance of a first emerging market green bond. We’re not 100% sure on the size yet but we know they were aiming for R1.5bn ($139m) and it seems as though they were more than successful.
Just Out: First emerging market green city bond... City of Johannesburg Green Bond, approx R1.5bn ($139m), 1.5x oversubscribed!
Posted: Jun 2, 2014
Financial Times, Climate change is a business problem, Mike Scott
Probably the most interesting green bonds article of this month is one by Mike Scott of Financial Times. Written in the perspective of the UN IPCC report calling for a drastic action needed in order to avoid catastrophic temperatures rise, it highlights the role of investors in divesting from fossil fuels. Climate bonds are brought into the picture as a sound investment alternative:
May media monitor for you: 5 stories in the Financial Times!!! + WashPost, EnvFinance, BusinessGreen, EnergyPost, CNBC, Bloomberg, ABC Australia
Posted: May 30, 2014
The Swedish City of Gothenburg has made a second foray into the green bonds market with a SEK1.8bn ($273m) 6 year bond. This follows on from a successful SEK500m issuance last year. The bond was sold mostly to Swedish investors but word is that they attracted a few new international investors too. Underwriter was SEB.
The Swedes come marching in ... just out Gothenburg 6yr, SEK1.8bn ($273m) Green City Bond. Earlier in the month new issuers Stockholm Lans Landstring SEK870m ($167m) and Rikshem green property SEK100m ($15m) joined the charge.
Posted: May 27, 2014
A bit over a week ago Regency Centers became the first US Real Estate Investment Trust (REIT) to enter the green bonds space with a 10 year, $250m corporate bond linked to their portfolio of shopping centres. Interest rate is 3.75%; Bank of America Merrill Lvnch (BAML) was the structuring agent while joint bookrunners were BAML, JPMorgan, Well Fargo and US Bancorp.
I’m in Svalbard, 79 degrees North in the Arctic; the retreating glaciers and ice-free fjords are making me fret about last week’s Regency $250m BBB 10yr Green Property Bond, the first from the US
Posted: May 26, 2014
We are now in the final stages of the eligibility criteria development process for Green Property (commercial and residential). We're holding this webinar to run through proposed criteria and seek feedback.
The webinar is being co-hosted with the PRI Initiative (Principles for Responsible Investment). A recording will be available for those unable to attend.
Invitation: webinar this week Thurs 29 May on new Climate Bonds Green Property eligibility criteria, timed for Australia/Asia/US-West-Coast
Posted: May 21, 2014
The Climate Bonds Initiative is an NGO based in London. Its mission is to mobilize global bond markets for climate change solutions.
We’re recruiting for two roles:
We’re looking for brilliant people to hire: a market analyst and a policy researcher. London-based
Posted: May 16, 2014
Trucost today joins the Climate Bonds Low Carbon Transport Technical Working Group, looking at eligibility criteria for investments in rail, low-emission vehicles, etc.
The Low-Carbon Transport Technical Working Group has been established to develop eligibility criteria for the certification of low-carbon transport related bonds.
Trucost joins Climate Bonds Low Carbon Transport Technical Working Group
Posted: May 16, 2014
The AAA-rated European Investment Bank (EIB) has placed a 6th tap of its 5 year EUR Climate Awareness Bond (CAB), the second biggest Green Bond outstanding in any currency (GDF Suez took over the top spot earlier this week).
Interest rate is 1.375%. The EIB press release says that “thanks to secondary performance and strong investor interest, (the tap) could be priced at Mid-Swaps – 4 basis points, 3 basis points tighter than the previous taps".
That’s called a pricing benefit.
Lead Managers were Citigroup, HSBC, LBBW, Natixis and UniCredit.
Proceeds are earmarked for:
AAA away! EIB does a EUR350m ($480m) tap of its big 5yr climate awareness bond / World Bank does 4yr BRL465.5 + TLY335.5 (total $369m) green bonds for Japanese uridashi investors
Posted: May 15, 2014
By Bridget Boulle
Yesterday, French multinational electric utility company, GDF Suez, announced its first green bond – a whopper EUR2.5 billion ($3.5 billion) bond linked to ‘renewable energy and energy efficiency projects that contribute to fight climate change’. The bond shares GDF’s credit rating of A1/A-.
The bond was issued in two tranches: a 6-year tranche of EUR1.2 billion with a 1.375% interest rate, and a 12-year tranche of EUR1.3 billion with a 2.375% interest rate.
Whooa! GDF Suez goes BIG with largest ever RE/EE green bond at EUR2.5bn ($3.5bn). And STILL 3x times oversubscribed! And it’s pretty darn green.