world-bank

AAA away! EIB does a EUR350m ($480m) tap of its big 5yr climate awareness bond / World Bank does 4yr BRL465.5 + TLY335.5 (total $369m) green bonds for Japanese uridashi investors

Submitted on Thu, 2014-05-15 15:56

The AAA-rated European Investment Bank (EIB) has placed a 6th tap of its 5 year EUR Climate Awareness Bond (CAB), the second biggest Green Bond outstanding in any currency (GDF Suez took over the top spot earlier this week).

World Bank's first 'Kangaroo' green bond hops into Australian market: AUD300m ($280m), 5yrs. UniSuper jumps in as “lead green bond investor”, bringing others in. Now that’s a good idea for other markets! USS in the UK? ABP in Netherlands? CPP in Canada?

Submitted on Tue, 2014-04-22 14:25

The World Bank last week issued its first 'Kangaroo' Green Bond (yes, that is really is the financial markets term!): AUD300m ($280m), 5yrs, AAA. This is the first AUD benchmark green bond. Proceeds are used to fund climate change related projects. Price was 20 basis points over swaps - the same as other World Bank Kangaroo bonds.

 

Last week's World Bank Green Bond closed at EUR550m, up from expected EUR400m / EBRD does NZD12m ($10m) and BRL93m ($40m) 'sustainability' bonds

Submitted on Fri, 2014-03-21 14:56

The World Bank Green Bond we told you about last week ended up closing at EUR550 million rather than the expected EUR400 million on the back of strong demand.