By Susanna Moon
Chicago, July 27 – International Finance Corp., a member of the World Bank Group, said it launched NZ$100 million of 10-year green bonds to finance private sector investments that address climate change in emerging markets.
BNZ is the arranger, and ANZ Bank and BNZ are the joint lead managers.
IFC said it will use proceeds to support investments in renewable energy, energy efficiency and other areas that reduce greenhouse emissions.
"This issuance demonstrates the continued and expanding role of capital markets in mobilizing international savings to help close the climate finance gap," IFC director for treasury market operations Monish Mahurkar, said in the company press release.
"As of July 2017, IFC has issued approximately $6 billion in green bonds, including two benchmark $1 billion issuances – the largest in the market at that time."
IFC is the largest global development institution focused on the private sector in emerging markets, the release noted.
| Issuer: | IFC
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| Issue: | Green bonds
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| Amount: | NZ$100 million
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| Maturity: | Aug. 9, 2027
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| Arranger: | BNZ
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| Joint lead managers: | ANZ, BNZ
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| Settlement date: | Aug. 9
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