Marianne Gut, Portfolio manager at the Skandinaviska Enskilda Banken (SEB) is the winner of the 2014 year-end green bonds quiz. She was the only player to score 100% at the first take of the quiz. Marianne becomes our "Climate Bonds Boffin 2014"! She wins a lifetime subscription to the Climate Bonds blog, lucky thing.
Now the rest of us just have to see how our scores compared to others - see below.
Earlier this month Peruvian wind energy producer Energia Eolica SA (an indirect subsidiary of Contour Global) issued a $204m green project bond with a coupon of 6% and 20 year tenor. The deal achieved BBB- (investment grade) rating from Fitch. Goldman Sachs and Bank of America Merrill Lynch were the deal underwriters.
How much do you really know about the explosive growth of the green bonds market this year?
Take the 2014 Climate Bond quiz to find out now
In early November Department de L’Essonne, a French municipality that is part of Ile-de-France, issued an inaugural green bond to fund low carbon transport and green building projects. The EUR 40m (US$50m) private placement has a 14.5 year tenor and 2.083% coupon. S&P and Fitch rated the bond AA- and AA respectively. Credit Agricole CIB was the sole underwriter for the bond.
The public university green bonds follow Massachusetts Institute of Technology’s (MIT) green bond in September this year. MIT’s offering was the first ever by a US university.
In September at the UN Climate Summit Barclays Bank announced it would invest a minimum of £1 billion in green bonds by November 2015 to form part of its liquid asset buffer – one of the largest such investments by a bank.
They've now also become a Climate Bonds Partner.
Kirsty Britz, Group Director for Citizenship at Barclays, said:
Leading European Bank UniCredit has joined the Climate Bonds Partner program.
Antonio Keglevich, Head of Green Bond Origination at UniCredit, said:
“UniCredit was a midwife of the first EIB Climate Awareness Bonds back in 2007. We're now gearing up to help grow this market into a major contributor to addressing climate change. For that we're partnering with our friends at the Climate Bonds Initiative to promote awareness in the financial community.”
Climate Bonds CEO Sean Kidney said:
Join us for the webinar on ‘Designing green bonds for India’ on 8th January 2015. It is co-organised with USAID PACE-D TA Program.
Register now, spaces are limited.
Download the agenda
Date: January 08, 2015 Time: 3:30 pm to 4:30 pm IST, 10:00 am to 11:00 am GMT
Today, as the Climate Bonds Standards Board meets to approve the eligibility criteria for Green Buildings and Bus Rapid Transit systems, USD 2.24 trillion of investors committed to working to “grow a large and robust market that makes a real contribution to addressing climate change" and called on corporates and governments to urgently deliver projects to be financed.
