EBRD to launch first ever climate resilience bond
The European Bank for Reconstruction and Development (EBRD) has mandated banks for its first ever climate resilience bond, a new type of socially responsible product that aims to bring more focus on climate adaptation, rather than mitigation. It follows the recent publication of the Climate Resilience Principles by the Climate Bonds Initiative (CBI).
BNP Paribas, Goldman Sachs and SEB are taking indications of interest for the $500m five year global bond with initial price thoughts of mid-swaps plus 16bp area, ahead of an expected launch on Friday.The bond will be issued in line with the International Capital Market Association’s ...
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