New Canadian C$450m wind bond / Kenya utility planning US$345m geo-thermal bond / US Govt Acc. Office lists CC as threat to US fiscal health (+video)
Submitted on Tue, 2013-02-26 04:06
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Korean Exp-Imp Bank $500m Green Bond: way-oversubscribed, 95bps over UST. Bingo & bravo!
Submitted on Fri, 2013-02-22 08:24As reported yesterday, the Export-Import Bank of Korea (Kexim) has issued its first “green” or climate friendly bond - $500m in size, 5 year tenor, coupon 1.75%. This is the first benchmark-sized bond marketed as a green bond outside the multi-lateral development banks. A big step forward and a big contribution from Korea, the standard-bearer of Green Growth Government.
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.
Snippets: Canada to see $700m RE bonds in 2013 / USA took 70% of IFC's $1bn green bond / FT predicts 2013 as year of rooftop solar securitization
Submitted on Fri, 2013-02-15 15:14> 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:
Breaking news: IFC issues $1bn 3yr Green Bond tied to climate investments
Submitted on Thu, 2013-02-14 08:43The IFC has just issued (books closed a couple of hours ago) a USD1 billion, 3 year, AAA "Green Bond" tied to climate investments - yes, that's a climate bond in our parlance. Interest rate set at 3 year US Treasuries +15 basis points.