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Brett Rohring

Ford and Microsoft invest in $1 billion bond for climate projects | GreenBiz.com - 0 views

  • Ford and Microsoft were among investors in a $1 billion green bond launched last week to support "climate smart" investments in emerging markets.
  • Proceeds of IFC green bonds are used for private sector investments in renewable energy, energy efficiency and other areas that reduce greenhouse gas emissions, such as installing solar and wind power capacity and providing financing for technology that helps produce energy more efficiently.
  • IFC said in a statement that the bond transaction, jointly led by BofA Merrill Lynch, Citigroup, Crédit Agricole CIB and SEB, was heavily oversubscribed and sized to address the demand from "an increasing number of investors interested in climate-related opportunities."
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  • It marks the second $1 billion green bond transaction this year from the International Finance Corporation (IFC), an Aaa/AAA rated global development institution and member of the World Bank Group.
  • Bond issues are seen as an increasingly important way to raise funds for green projects, with the green bond market now estimated at $346 billion after doubling over 2012.
Adriana Trujillo

Apple's new campus partially built with green bonds | GreenBiz - 1 views

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    Apple released its first Green Bond Impact Report, which highlights 16 projects made possible by proceeds from a $1.5 billion green bond it issued last year. The company allocated approximately $441 million to environmentally beneficial projects in fiscal year 2016, with the majority of funds going toward renewable energy (about $129 million), green building (about $232.6 million), and energy efficiency (about $74.6 million).
Adriana Trujillo

Poland wins race to issue first green sovereign bond. A new era for Polish climate poli... - 0 views

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    Poland has issued the world's first sovereign green bond. The country plans to use the proceeds to finance projects related to renewable energy, clean transportation infrastructure, and more.
Adriana Trujillo

Barclays and MSCI to Offer Green Bond Index as Part of ESG Fixed Income Index Family - ... - 0 views

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    Barclays and financial services company MSCI will launch a new Green Bond Index to serve as a benchmark for assessing the performance of green bond funds. The index will be comprised of fixed income projects with direct environmental benefits.
Adriana Trujillo

IFC Home - 0 views

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    The International Finance Corporation issued a $152 million bond to support private sector development and prevent deforestation in developing countries. The bond gives investors the option of getting repaid in either cash or a carbon-credit coupon - a move to bolster carbon-credit markets.
Adriana Trujillo

WBCSD - World Business Council for Sustainable Development - 1 views

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    The World Business Council for Sustainable Development has partnered with the Climate Bonds Initiative to help scale up the corporate green bond market.
Adriana Trujillo

Ford and Microsoft invest in $1 billion bond for climate projects | GreenBiz.com - 0 views

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    The bond, launched by World Bank-backed International Finance Corporation, will fund climate smart projects.
Adriana Trujillo

Starbucks Issues First-Ever U.S. Corporate Sustainability Bond, Aimed at Driving Social... - 0 views

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    Starbucks announced last week that it completed the underwriting of an initial public offering of senior notes, including its first-ever U.S. Corporate Sustainability Bond. The coffee giant said it will use proceeds from $500 million in 2.45% Senior Notes to help enhance the sustainability programs centered around its coffee supply chain management programs through a variety of eligible sustainability projects.
Adriana Trujillo

Apple is first U.S. tech company to issue green bonds | GreenBiz - 0 views

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    Apple frequently uses debt rather than its flush cash coffers to finance corporate initiatives, such as stock repurchase programs - it makes sense to do so for tax reasons. But, the company's latest appeal to the public debt markets includes another "first" for Apple and the tech industry at large: Apple is issuing $1.5 billion in green bonds to pay for a wide range of environmental initiatives.
Adriana Trujillo

Starbucks Is Selling Nearly A Half-Billion Dollars In 'Sustainability' Bonds - 0 views

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    Starbucks has reportedly requested around $496 million in funding from its investors to finance projects that increase "responsibly grown" coffee purchases, establish research centers to help farmers boost production, and more.
Del Birmingham

Morgan Stanley's low-carbon financing plan brings big bank pledges to $1 trillion - Hou... - 0 views

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    Morgan Stanley said it plans to pour $250 billion into low-carbon financing over the next 12 years, funding renewable energy and clean tech ventures and underwriting so-called sustainable bonds, which are debt for environmental projects.
Del Birmingham

Wells Fargo to pay $1 billion fine, pledges $200 billion for low-carbon economy project... - 0 views

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    Wells Fargo plans to put $200 billion toward investment in, and finance of, companies and projects involved with clean technologies, renewable energy, green bonds and alternative transportation, by 2030. The funds will also go toward companies and projects focused on sustainable agriculture, recycling, conservation and other environmental activities, as part of a company-wide effort to support - and be part of - the transition to a low-carbon economy
Adriana Trujillo

Nigeria plans to go big on green bonds this year - Climate Action Programme - 2 views

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    The Nigerian Government has spoken of its plans to seriously scale-up its green finance initiatives over the coming year.
Adriana Trujillo

Blue bonds get boost from TNC and World Bank | Euromoney - 1 views

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    Ocean conservation finance gets boost from banks
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