EBRD Issues US$250 Million ‘Green Bond’
11 September 2013: The European Bank for Reconstruction and Development (EBRD) has issued a US$250 million bond, aimed at institutional investors seeking to support environmentally sustainable projects.
The Bank will use the proceeds from the bond for investment in its Green Project Portfolio, which comprises financing for projects covering: energy efficiency; clean energy; water management; waste management; sustainable living; environmental services; and sustainable public transport. Morgan Stanley and Skandinaviska Enskilda Banken AB were joint lead managers in the issue.
EBRD started issuing green bonds in 2010, and its green projects portfolio currently comprises 261 investments worth a total of €2.7 billion based on operating assets. [EBRD Press Release]