Green bond market debates whether opex has a place in use of proceeds

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By Jon Hay
13 Jun 2019

Green bond specialists are divided over whether proceeds of labelled green bonds can be used for operating expenditure, or whether they should mainly or entirely be used for capital expenditure.

The discussion seems arcane - and some market participants see it as unimportant - but others feel strongly about it.

At the fifth annual general meeting of the Green and Social Bond Principles in Frankfurt this week, delegates were set to discuss the issue as part of their closed ...

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