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Climate Bonds Blog

IFC issues $200 mil Green Bond
Posted: Apr 16, 2010

The International Finance Corporation (IFC) today launched a US$200 million AAA Green Bond offering, ring-fenced to fund IFC climate change related programs.

The bond follows the footsteps of its sister institution, the World Bank. The World Bank has raised over $1 billion in Green Bonds in recet years.

Settlement date for the IFC bond is 26 April; they may get to $250 mil by then. SEB are the lead manager - they're becoming quite a green bond specialist.

This issue is really a market test for the IFC. If the issue is over-subscribed expect more later in the year.

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IFC issues $200 mil Green Bond
Kyoto Protocol carbon market architect Prof Graciela Chichilnisky joins Climate Bonds Advisory Panel
Posted: Apr 2, 2010

The London-based Climate Bonds Initiative today announced that Graciela Chichilnisky, Professor of Mathematics and Economics and Columbia University in New York, would be joining their international Advisory Panel.

Prof Chichilnisky was the architect of the Kyoto Protocol carbon market, is author of the recent book "Saving Kyoto", advises several UN organizations and is working with the US Air Force on pioneering a new approach for measuring, anticipating and managing catastrophic risks, sometimes called "Black Swans".

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Kyoto Protocol carbon market architect Prof Graciela Chichilnisky joins Climate Bonds Advisory Panel
ADB issues Water Bonds, mulling climate bonds
Posted: Mar 7, 2010

Now the Asian Development Bank (ADB) is getting with the "themed" bonds rhythm: they're marketing Water Bonds to finance its work in the AsiaPac water sector. Daiwa Securities is lead manager; bonds will be issued in Australian dollars and South African rand.

While bond finance for water infrastructure is commonly sought in developed countries, it's rare in emerging nations.

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ADB issues Water Bonds, mulling climate bonds
€2bil green funds in Dec/ FT says more govt bonds OK
Posted: Mar 2, 2010

Two news items of note:1.

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€2bil green funds in Dec/ FT says more govt bonds OK
Energy Policy journal on climate bonds
Posted: Feb 28, 2010

Energy Policy is perhaps the most authoritative international academic journal on energy policy.   It has just published a short piece on climate bonds.

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Energy Policy journal on climate bonds
WB has raised over $1 billion with Green Bonds
Posted: Feb 25, 2010

A day after launching a 600m Swedish Kroner Green Bond, the World Bank has launched another 10 new Green Bonds denominated in different currencies.

The 10 bonds are primarily for the new, open-ended, Nikko World Bank Green Bond fund, previously reported.

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WB has raised over $1 billion with Green Bonds
Nikko launches WB green bond fund for EU & ME investors
Posted: Feb 23, 2010

A few weeks ago we told you about Nikko Asset Management’s new World Bank green bonds fund for Japanese investors. They’ve now created a Luxembourg fund aimed at European and Middle Eastern investors. It will be available in £, US$ and Euro share classes.

The fund - the first of its kind - can invest up to 100% of its portfolio in green bonds issued by the World Bank, with funds ring-fenced for World Bank funded climate change projects such as energy efficiency, renewable energy and reforestation.

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Nikko launches WB green bond fund for EU & ME investors
IMF to launch green fund
Posted: Feb 3, 2010

The International Monetary Fund is planning to launch a $100 billion green fund as part of global efforts to stimulate economic growth and help finance low-carbon projects. Details of the fund and its financing are to be announced in about two weeks time.

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IMF to launch green fund
LSE introduces retail bond trading platform
Posted: Feb 2, 2010

LSE is today introducing a new bond trading platform for retail bonds intended to "improve transparency and pricing" (the size of the bid-offer spreads which can be very large). The aim is to make corporate bonds more accessible for retail investors, and so to open up a new source of financing for companies and others.

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LSE introduces retail bond trading platform
Nikko to launch World bank Green Bond Fund
Posted: Jan 28, 2010

What's unusual about this fund is that Nikko AM say they've developed the fund in cooperation with the World Bank, and they only invest in World Bank Green Funds, offered in a variety of currencies.

An interesting niche; they are confident of investor support within Japan. Worth noting that the country has already soaked up a series of World Bank Green Bond offerings.

What about Europe or the US?

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Nikko to launch World bank Green Bond Fund
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