Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Join the forum, it's quick and easy

Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

Would you like to react to this message? Create an account in a few clicks or log in to continue.
Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    ADB sells $1.3b in global green bonds to spur climate financing

    Lobo
    Lobo
    Moderator
    Moderator


    Posts : 28411
    Join date : 2013-01-12

     ADB sells $1.3b in global green bonds to spur climate financing  Empty ADB sells $1.3b in global green bonds to spur climate financing

    Post by Lobo Fri 12 Aug 2016, 3:41 pm

    ADB sells $1.3b in global green bonds to spur climate financing


    MANILA: The Asian Development Bank (ADB) has raised $1.3 billion to help finance climate change mitigation and adaptation projects with the issue of dual-tranche 3-year and 10-year green bonds, following its inaugural green bond issue in 2015.

    “Scaling up climate financing is essential for the region to keep its commitments to the Paris Agreement, adopted at last year’s climate change summit,” said ADB Treasurer Pierre Van Peteghem.”Through robust climate finance to both the public and private sectors, ADB has demonstrated its commitment to a low-carbon future.

    Today’s green bond issue also shows ADB’s responsiveness to investors, who increasingly see the importance of green investment and sustainable development for Asia and the Pacific.”

    Last year, ADB announced that it will double its annual climate financing to $6 billion by 2020, up from $3 billion in 2015.

    ADB’s spending on tackling climate change will rise to around 30 per cent of its overall financing by the end of this decade.

    Out of the $6 billion, $4 billion will be dedicated to mitigation through scaling up support for renewable energy, energy efficiency, sustainable transport, and building smart cities, while $2 billion will be for adaptation through more resilient infrastructure, climate-smart agriculture, and better preparation for climate-related disasters.

    Proceeds of the green bonds will support low-carbon and climate resilient projects funded through ADB’s ordinary capital resources and used in its non-concessional operations.

    The 3-year bond has an issue size of $800 million, a coupon rate of 1percent per annum payable semi-annually and a maturity date of 16 August 2019.

    It was priced at 99.779 per cent to yield 22.75 basis points over the 0.75 per cent US Treasury notes due July 2019.

    The 10-year bond has an issue size of $500 million, a coupon rate of 1.75 per cent per annum payable semi-annually and a maturity date of 14 August 2026.

    It was priced at 99.745 per cent to yield 21.9 basis points over the 1.625 per cent US Treasury notes due May 2026.
    http://gulftoday.ae/portal/5735865e-243c-4e7b-bbda-9c6d16b60f7c.aspx?

      Current date/time is Sat 25 May 2024, 1:11 am