Washington DC: A couple of blocks down from the White House, the World Bank and IMF buildings on Pennsylvania Avenue were buzzing last week with activity, as top policymakers, private sector actors, development banks, and civil society organizations descended on the city for the annual World Bank/IMF Spring Meetings this week.
Climate Bonds Blog
Posted: Apr 21, 2015
WDC: World Bank/IMF Spring Meetings – Climate Bonds Initiative +World Bank +OECD +UNEP Inquiry workshop brings together top cast to discuss green bonds policy / fin regulators in many EMs are moving from talk to action on green
Posted: Apr 17, 2015
Development Banks
EXIM Bank of India issues inaugural $500m green bond (5yr, 2.75%, BBB-/Baa3) to fund low-carbon transport, solar and wind projects
Weekly blog: Unibail-Rodamco €500m($530m) green bond is x6 oversubscribed! EXIM Bank of India’s green bond funds transport & renewables; Berlin Hyp issues the FIRST ever green pfandbrief; TfL to issue green bond + KfW will invest €1bn in green bonds!
Posted: Apr 16, 2015
‘China – the game changer’ was a phrase that recurred in several articles in March that reported on the growing climate awareness of the political elite in China. They also reported on the key reform recommendations that Climate Bonds Initiative, IISD and the Chongyang Institute for Financial Studies at Renmin University of China put forward to the Chinese policy makers in the whitepaper released in March.
The emerging market flavour of the digest in March is amplified by the coverage of developments in India (2nd green bond issued) and potential bond issuance from UEA.
Update to the Green Bonds Principles and the standards for green bonds were high on the media agenda too.
Media digest March; emerging mkts, standards & Green Bond Principles on the top of agenda – Fin Times, Forbes, Fin News, Reuters, IFR, Times of India, China Economic Times +more
Posted: Apr 9, 2015
Today, in Amsterdam, 110 attendees, including investors, rating agencies, supras, government reps and green bond consultants are getting together discuss the future of the green bonds market.
The event is hosted by Mr Berry Marttin, Member of the Executive Board of Rabobank and the keynote speech will be delivered by former Prime Minister of the Netherlands Prof. Jan Peter Balkenende. Sean Kidney, CEO of the Climate Bond Initiative is chairing the interactive discussion. Investor representatives present include Actiam, Delta Lloyd and KfW AM, APG Asset management, PGGM and Candriam.
Incredible demand for the Rabobank Green Bonds Roundtable starting NOW! More than 110 attendees – almost 2x last year’s attendance - keynote from the ex-PM of Netherlands
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.
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 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.
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 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
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