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    Home > Chemicals Industry > International Chemical > The Asian Development Bank issues €600 million green bonds to boost climate finance

    The Asian Development Bank issues €600 million green bonds to boost climate finance

    • Last Update: 2022-12-27
    • Source: Internet
    • Author: User
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    On July 5, the Asian Development Bank announced that it had raised €600 million through the sale of green bonds, which will help expand financing
    for climate change mitigation and adaptation projects.

    The Asian Development Bank issues €600 million green bonds to boost climate finance

    The seven-year green bond has an annual coupon rate of 0.
    35% and matures
    in July 2025.
    The offering, led by U.
    S.
    banks Merrill Lynch, Citi and Crédit Agricole, attracted strong interest from Europe, the Middle East and Africa, with nearly 90 percent of the rest distributed to Asian investors
    .
    The Asian Development Bank said the funds raised would be used to support low-carbon and climate restoration projects
    .

    The Asian Development Bank, which unveiled its green bond program in 2015 to double annual climate finance to US$6 billion by 2025, is now aiming for this goal
    .
    Of this amount, $4 billion will mitigate climate change
    by increasing support for renewable energy, energy efficiency, sustainable transportation, and smart cities.
    Another $2 billion will go to climate change adaptation projects
    .

    The Asian Development Bank intends to raise about $23 billion
    from capital markets in 2018.
    Last year, the bank provided a record $4.
    5 billion
    for global climate mitigation and adaptation projects.

    On July 5, the Asian Development Bank announced that it had raised €600 million through the sale of green bonds, which will help expand financing
    for climate change mitigation and adaptation projects.

    Green bonds

    The Asian Development Bank issues €600 million green bonds to boost climate finance

    The Asian Development Bank issues €600 million green bonds to boost climate finance

    The seven-year green bond has an annual coupon rate of 0.
    35% and matures
    in July 2025.
    The offering, led by U.
    S.
    banks Merrill Lynch, Citi and Crédit Agricole, attracted strong interest from Europe, the Middle East and Africa, with nearly 90 percent of the rest distributed to Asian investors
    .
    The Asian Development Bank said the funds raised would be used to support low-carbon and climate restoration projects
    .

    The Asian Development Bank, which unveiled its green bond program in 2015 to double annual climate finance to US$6 billion by 2025, is now aiming for this goal
    .
    Of this amount, $4 billion will mitigate climate change
    by increasing support for renewable energy, energy efficiency, sustainable transportation, and smart cities.
    Another $2 billion will go to climate change adaptation projects
    .

    The Asian Development Bank intends to raise about $23 billion
    from capital markets in 2018.
    Last year, the bank provided a record $4.
    5 billion
    for global climate mitigation and adaptation projects.

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