This is their first Certified Climate Bond and previously they have already issued two green bonds which were not Certified. CBA is active in the green bond market, having been the joint lead manager on the first Australian green Asset-Backed Securitisation (ABS) for FlexiGroup, and as sole arranger and lead manager on the world’s first Certified Climate Bond from a university, for Monash University.
The proceeds will finance refinance projects as follows:
- Wind farms in Australia
- Urban metro and light rail systems in 3 cities in Australia
- 3 energy efficient commercial buildings in Australia
|Use of proceeds bond||AUD 650m (USD 492m)||Annual Report March 2018|