AfDB issues SEK1bn ($153m) green bond - 5yr, AAA - for African renewables, water, etc

The African Development Bank this week tapped its "Green Bond Framework" to place SEK1 billion ($153m) of five year, floating rate bonds with SPP, the wholly-owned Swedish Life Insurance and Asset Management company of Storebrand.

 

Bond Proceeds go to eligible projects under to AfDB’s Green Bond Framework: renewable energy power, biosphere conservation projects, water supply and access, solid waste management as well as energy efficiency projects. They include:

• Africa’s largest 160 MW Solar Power Plant, Ouarzate I, in Morocco

Itezhi Tezhi 120MW Hydro Generation Project in Zambia

ONEE Integrated 1100MW Wind/Hydro power plant in Morocco

Eskom Sere 100 MW Wind Farm in South Africa

Cabeólica 25.5 MW Wind power plant in Cape Verde

 

Lead Manager for the placement was Nordea Markets.