Breaking News: Korea Exp-Imp Bank issuing a 5yr AA3 GreenBond (benchmark size: $500m+). Books have just opened
Submitted on Wed, 2013-02-20 00:39Books have just opened. Joint lead managers are SEB and Bank of America Merrill Lynch.
Books have just opened. Joint lead managers are SEB and Bank of America Merrill Lynch.
> Canada's BMO Capital is, according to this story, predicting C$772-million of renewable energy project finance bonds from the country in 2013. For example, expect to see a new 17yr wind bond from Brookfield / Comber Wind. DBRS have already rated it BBB.
> IFC $1bn Green Bond snippets:
- I’m in Qatar, a place slightly smaller than Connecticut, prosaically described in my travel guide app as “mainly flat and barren desert, covered with loose sand and gravel”. There’s not a lot of desert left in its capital, Doha, just a vast sea of choked-up highways (serious SUV traffic!) and low-rise buildings punctuated by monumentalist skyscrapers, all thanks to huge natural gas resources. Pity we're going to have to leave a large part of that gas in the ground if we're going to avoid catastrophic climate change.
Canada’s Next Era Energy recently issued an asset-backed $175m, 19 year solar bond. Rating BBB, interest rate 4.80%.
Interesting development over Summer was from South African’s Nedbank, which announced it was going to raise R4bn ($490m) from a green savings bond programme, the proceeds of which will be used to finance renewable energy projects in South Africa. This will be a great test of demand.