Just Out: First emerging market green city bond... City of Johannesburg Green Bond, approx R1.5bn ($139m), 1.5x oversubscribed!

Big news for the green bonds market with the issuance of a first emerging market green bond. We’re not 100% sure on the size yet but we know they were aiming for R1.5bn ($139m) and it seems as though they were more than successful.

"Tiny green bond market looking ready to sprout" says P&I

According to Pensions & Investment magazine: "Money managers, institutional investors and others are combining efforts to drive the nascent green bonds market forward, and the fruits of their labor are becoming apparent."

It's an all-cast story, with quotes from CalSTRS, SSgA, UKSIF, SEB, IIGCC, AP3, Nikko, Calvert (if you know all the acronyms you qualify as a green bond groupie). The story also mentions the Climate Bonds Standards.