Climate Bonds Blog

Invite: WashingtonDC @ClimateBonds Update by @SeanKidney ++, 17 April: Do we have a rocket mkt? / USA Green City Bond campaign / stirring China dragon / how this mkt will change global narrative around climate change

Posted: Apr 9, 2015

Join us in Washington DC next week on 17 April 2015, 8.30-10.30am, for a briefing from Sean Kidney (plus surprise guests!) on what's happening and where we're going with the bubbling green & climate bonds market.

Topics:

- The changing landscape of the green bond market and where it's going next.

- How the US green muni market is taking off (and about out new Green City Bond campaign with C40, NRDC, Ceres, CDP and others).

- How Green Bond markets are stirring in China, India and other emerging economies.

- How assurance of green credentials (standards and second opinions) will help the corporate green bond market grow.

Wkly blog: KfW’s CEO: GB gets better price+investor diversity! KfW 1st kanga A$600($456m) goes bananas/OPIC 3rd 2015 offering $37.4m/More green US munis: Mass, Tacoma, Uni Arizona, Virginia Uni/ EIB’s impact reporting/CICERO’s green shades/WB’s Kyte call

Posted: Apr 8, 2015

Development bank issuance

Massive demand for KfW’s third green bond offering, and first ever kanga bond, sees it upsize to A$600m ($456m) and its still oversubscribed! 5.25yrs, AAA, 2.4% coupon

After a blazing entry to the green bond market last summer German development bank KfW continued to lead with a Kanga (Australian dollar denominated) bond to the tune of A$600m ($456m). It’s KfW’s first ever Australian dollar bond.

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: Apr 1, 2015

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.

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

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 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

German bank MünchenerHyp becomes a Climate Bonds Partner; signals that Green Covered Bonds are coming your way

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

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 26, 2015

Development bank issuance

EIB taps their 2026 Climate Awareness Bond for a further EUR 250m ($274m), coupon 1.25%, AAA

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 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.

Netherlands Green Bonds Roundtable 9 April, hosted by Rabo, in Amsterdam. Keynote from former PM of Netherlands

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

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 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

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

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.

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