Certification

The Climate Bonds Standard and Certification Scheme is a labelling scheme for bonds, loans & other debt instruments. Rigorous scientific criteria ensure that it is consistent with the goals of the Paris Climate Agreement to limit warming to under 2 degrees. The Scheme is used globally by bond issuers, governments, investors and the financial markets to prioritise investments which genuinely contribute to addressing climate change.

 

Manulife Financial Corporation

 

Manulife Financial Corporation, which is headquartered in Canada, issued its first green bond in Singapore. This is the first issuance by a life insurer and the first issuer from Canada. 

The proceeds from this bond will support a range of solar and wind energy projects in Canada and the US.  

 

Introduction

Indian Railway Finance

Corporation Ltd. (IRFC) is the dedicated financing arm of the Indian Railway under

the Ministry of Railways (MoR), Government of India and mobilizes funds on behalf on Indian Railways

from domestic as well as overseas capital markets. The funds are utilize

d to support the procurement of

new rolling stock assets, which are locomotives, passenger coaches and wagons and also building up

infrastructure, constituting a significant part of Indian Railways annual capital expenditure

1

.

The Company has been able to

diversify its borrowing portfolio each year through the issue of both taxable

and tax

-

free bonds, term loan from banks / financial institutions besides off shore borrowings, at competitive

market rate.

The Indian Railways have a huge role to play in comb

ating climate change wherein it aims to enhance the

share of the railways in the overall land based freight transport from the present 36% in the FY 2016

-

17 to

45% by the year 2030.

2

DATE OF ISSUE  TYPE OF INSTRUMENT SIZE SIZE TENOR COUNTRY OF ISSUE CLIMATE BONDS SECTOR CRITERIA VERIFIER'S REPORT ANNUAL REPORT FURTHER INFORMATION
 November 2017 Use of proceeds bond SGD 500m  USD 368.8m 12 years Singapore Solar and Wind  

Sustainalytics pre issue report

Sustainalytics post issuance report 

Annual report on Manulife's website(link is external)

Press Release

Green Bond Framework