Standard Bank issues landmark green bond transaction
South Africa’s Standard Bank has issued a $200m green bond, which was bought by the International Finance Corporation (IFC) in its entirety. The deal is the largest green bond ever issued by an African borrower.
The landmark transaction is a $200m 10 year transaction — the largest green bond raised in Africa so far. The coupon is 2.875%.
The entire issue was placed privately with the IFC, which itself is one of the largest issuers of green bonds worldwide.Nigel Beck, head of sustainable finance ...