IFC issues $200 mil Green Bond
Posted on 16. Apr, 2010 by Sean Kidney in blog
The International Finance Corporation (IFC) today launched a US$200 million AAA Green Bond offering, ring-fenced to fund IFC climate change related programs.
The bond follows the footsteps of its sister institution, the World Bank. The World Bank has raised over $1 billion in Green Bonds in recet years.
Settlement date for the IFC bond is 26 April; they may get to $250 mil by then. SEB are the lead manager – they’re becoming quite a green bond specialist.
This issue is really a market test for the IFC. If the issue is over-subscribed expect more later in the year.
Kyoto Protocol carbon market architect Prof Graciela Chichilnisky joins Climate Bonds Advisory Panel
Posted on 01. Apr, 2010 by Sean Kidney in blog
The London-based Climate Bonds Initiative today announced that Graciela Chichilnisky, Professor of Mathematics and Economics and Columbia University in New York, would be joining their international Advisory Panel.
Prof Chichilnisky was the architect of the Kyoto Protocol carbon market, is author of the recent book “Saving Kyoto“, advises several UN organizations and is working with the US Air Force on pioneering a new approach for measuring, anticipating and managing catastrophic risks, sometimes called “Black Swans“.
Prof Chichilnisky will join Climate Change Capital‘s James Cameron, HSBC‘s Nick Robins, Citibank‘s Sean Hanafin and others in advising the Climate Bonds Initiative on solutions to the challenge of mobilising finance to fund a rapid global transition to a low-carbon economy.