green-bonds

Climate Bonds Initiative and the Network for Sustainable Financial Markets invites you to join a year-end webinar on green bonds on the 16^th of December: Green bonds 2014 - Year round up - how and why the green bond market has trebled in size this year

Timing: New York 12 pm / San Francisco 9 am / Chicago & Mexico City 11 am / Sao Paulo 3 pm / London 5 pm / Frankfurt 6 pm

There's really only a couple of bond-issuing weeks left, so we may yet fall short of target! Still, I guess we've already seen the market more than triple last year's issuance ...

Martha’s Vineyard Land Bank (MV Land Bank), the Massachusetts-based municipal bank, has issued US$35m of AA-rated green bonds.  The bond has a range of maturities from 5 to 20 years, with semi-annual coupons ranging from 3.25 to 5%. This first green offering from MV Land Bank is callable, and exempt from federal and state tax, as is common for municipal bonds in the US.  RBC Capital Markets was underwriter for the bonds.

Canada’s Northland Power issued an asset-backed bond (ABS) last month through a SPV (Northland Power Solar Finance One LP). The amortising bond was a private placement of CA$232m with 18-year tenor.

Join us in Washington D.C for a roundtable discussion on standards for green bonds on Thursday, 11^th of December 2014 at 11 am; Climate Bonds Standard – helping the green bonds market deliver on its potential.