$50m solar bonds from HK’s GoldPoly / UK’s Good Energy goes retail w £5m bond / PACE bonds update / Philippines FirstGen $250m – it could have been green

Two new corporate climate-related bonds were issued this week.

The first, by Hong Kong-listed polysilicon producer Gold Poly, was a $50m convertible bond to finance the solar business of its project acquisition subsidiary China Solar Power Group. The bond is a 3 year bond with a 5% coupon.

Climate Bonds Standards Energy Efficiency Working Group starts work

Energy efficiency is a key investment area for the shift to a low-carbon economy. A Technical Working Group has been convened to develop eligibility criteria for the certification of energy efficiency related bonds under the Climate Bonds Standard.

The first meeting, via teleconference, was held on 20 July 2012.

This Working Group is focusing on the built environment; a separate Working Group will be convened to look at industrial and manufacturing energy efficiency.