Blog

EIB taps EUR400m from 2019 AAA Climate Awareness Bond — and prices at a negative yield!

• Tomorrow I’m giving a lecture at Yale University on green bonds and climate bonds. If you’re on campus please do join. Klein Geology Lab room 123, on Whitney Ave near Peabody Museum.
• Monday I’m doing the same at the University of Edinburgh in the UK; that’s also open house. Lecture Theatre 4, Business School, University of Edinburgh, 29 Buccleuch Place.

Big news from the World Bank this week with two green bonds issued: the first is a long 30 year tenor for insurance giant Zurich and the second is the World Bank’s biggest ever green issuance of $600m. Repeat issuance seems to be the theme of the week with another green bond from Swedish property company Vasakronan.

Monday. I’m in Delhi, in the bowels of the old, once-splendid Ashok Hotel, caught in a scrum of people trying to get our RE Invest conference registrations.  “I guess it’s just crowded India” I think, then the guy behind the desk tells me they’ve had twice as many registrations as expected for this year’s conference, and people are still coming in. Ahhh.

Jan 2015 media digest: stories in FT, India’s Economic Times, Reuters, Bloomberg and more!

2014 has been a breakthrough year for green bonds with issuance reaching US$36.6 billion. Media coverage matched the momentum. Here is what media have been saying so far in 2015:

Financial Times, Are green bonds a fair weather phenomenon?, by Ralph Atkins