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AfDB issues SEK1bn ($153m) green bond - 5yr, AAA - for African renewables, water, etc
Published: 21 Feb 2014
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
Lead Manager for the placement was Nordea Markets.
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