California State Controller John Chiang & State Treasurer Bill Lockyer invite you to a San Francisco Climate Bonds seminar with Sean Kidney, on Thursday 18 September 2014.
RSVP to info@climatebonds.net, limited seats available.
There are two separate meetings:
8.30-11am is for Investors and the Finance Sector. Program:
Green buildings are central to a shift to a low-carbon economy; the International Energy Agency(IEA) tells us that deep cuts in building emissions are needed to head off catastrophic climate change.
European investors yesterday snapped up a new Euro denominated “Climate Awareness Bond” from EIB. With double the tenor of the EIB’s 2013 6yr issuance this bond provides a longer time horizon for investors that reflects “the duration of renewable energy and energy efficiency projects”.
Issuance amount was EUR 500m with a coupon of 1.25%. The joint bookrunners were Credit Agricole CIB, DZ Bank, Rabobank and Raiffeisen Bank International.
A new green retail bond has been issued by the World Bank in conjunctionMerrill Lynch Wealth Management. The bond has 10 year tenor, coupon of 2.32% for the first 5 years which gradually increases to a maximum of 8.82% and is callable after the first year. A very interesting approach, presumably carefully worked out with Merrill Lynch.
Arise AB, the Swedish integrated wind power company, has announced issuance of a SEK 350m green bond, their second green bond in 2014. It is a senior unsecured bond with a floating interest rate of 6% above STIBOR 3M.
California State Controller John Chiang & State Treasurer Bill Lockyer invite you to a San Francisco Climate Bonds seminar with Sean Kidney, on Thursday 18 September 2014.
There are two separate meetings.
8.30 for 9am to 11am is for Investors and the Finance Sector. Program:
The UK government has announced that it will provide guarantees for a £48.5m bond issuance to partially fund the £74m Speyside Biomass Power project, a combined heat and power plant developed by Estover Energy in Moray, Scotland.
A new 20 year bond issued by IFC in Peruvian currency (PEN), PEN 118 million (approximately USD 42 million). AAA, 20 year, zero-coupon with an implied yield of 5.3% p.a.
By Bridget Boulle
In the April-June quarter this year SEB, a Swedish bank, again took the top spot in our Green Bond Underwriters League Table, followed by HSBC, a large global bank, who had a very good quarter, and Credit Agricole CIB.
